Category: Trend Indicators
KAMA Indicator
The name of the KAMA indicator stands for the Kaufman Adaptive Moving Average. The author of that indicator Perry J. Kaufman, first introduced that concept in his book titled Smarter Trading: Improving Performance in Changing Markets in the year 1995. This is a variation of the adaptive moving average, which is built on the exponentially […]
Trend Strength Indicator
The Trend Strength indicator for MT5 uses custom calculations based on the Relative Strength Index to determine the direction of the trend. You will find three lines: gray Smoothed RSI, blue UpTrend line, and red DnTrend line. Obviously, when the Smoothed RSI is above the blue UpTrend – there is an upward trend. Similarly, when […]
Precision Trend Indicator
The Precision Trend indicator recognizes the trend direction and overlaps default candles to corresponding colors (lime/orange). The signals provided by that tool are really easy to read – you can use it for standalone scalping, swing trading, and reversals. It is a NON REPAINT indicator, so you can backtest it and count on the signals […]
ADX VMA Trend Indicator
The ADX VMA Trend indicator uses adxvma steps to show the trend and its strength. The values can be smoothed using one of the 5 smoothing types: simple moving average exponential moving average smoothed moving average linear weighted moving average adxvma average Red bars reflect a bearish trend and green bars reflect a bullish trend.
Heiken Ashi Smoothed Indicator
The Heiken Ashi Smoothed indicator is a very popular trading tool. It helps to see clear trend momentum without much noise. The logic behind the smoothed version of Heiken Ashi candles is simple: instead of using “raw” prices” for calculations, it’s using smoothed/filtered/averaged prices instead. That usually filters out some false signals and makes it […]
RSI Candles Smoothed Indicator
The RSI Candles Smoothed indicator is a combination of four RSI values (RSI of High, Low, Open and Close) displayed as candles in a sub-window below the main trading chart. This version has an additional options to enable prices pre-smoothing prior to be used in a calculation, which makes it an RSI-of-MA combination. To avoid […]
Instantaneous Trend Line Levels Indicator
This is the Instantaneous Trend Line Levels Indicator for MT5 that displays a colorful cloud as core element. Actually there are seversal variations of this gauge and each one has some distinct differences. This one in particual uses self-adjusting levels for signals filtering. Other versions often rely on the ITL slope for calculations, but in […]
Vortex Trend Indicator
The Vortex Trend Indicator for MT5 is a simple trend recognition tool. Essentially it’s based on the original Vortex, but it has some modifications in terms of visual aspects. The signals are presented in a form of colorised diagram – in order to highlight the trend direction and market bias. It’s dispayed within seperate window […]