Category: Trend Indicators

KAMA Indicator

The name of the KAMA Indicator for MT5 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 […]

Trend Strength Indicator MT5

The Trend Strength indicator for MT5 uses custom calculations based on the Relative Strength Index to determine the direction of the trend. What’s more, provided signals give overview of the momentum as well. Example chart: Anatomy of the trend strength indicator for mt5 Essentialy, the trend strength indicator consists of three lines: gray Smoothed RSI, […]

Precision Trend Indicator MT5

The Precision Trend Indicator for MT5 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. What’s more, this is a NON REPAINT indicator, so you can backtest it and […]

ADX VMA Trend Indicator MT5

The ADX VMA Trend Indicator for MT5 displays smoothed readings regarding market trends. As the name suggests, its formula is based on the combination of custom moving average and average directional movement index. An important fact is that the signals are not repainting. Example chart: How to use the adx vma trend indicator for mt5? […]

Heiken Ashi Smoothed Indicator MT5

The Heiken Ashi Smoothed Indicator for MT5 help to recognize trend in a clean manner. In comparison to the regular heiken ashi candles, this variation incorporates several improvements, resulting in solid and accurate signals in the output. It works even better regarding noise reduction, thus forex traders get clearer overview on the market situation. Example […]

RSI Candles Smoothed Indicator MT5

The RSI Candles Smoothed Indicator for MT5 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. […]

Instantaneous Trend Line Levels Indicator MT5

The Instantaneous Trend Line Levels Indicator for MT5 displays a colorful cloud as core element. Actually there are several 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 the result they […]

Vortex Trend Indicator MT5

The Vortex Trend Indicator for MT5 provides ideas regarding trend, namely its power and direction. It presents generated signals in the form of colorful bricks reflecting market bias. This is simple and user-friendly approach. Example chart: How to use the vortex trend indicator for mt5? Each brick of the vortex indicator corresponds to a single […]