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Composite Index

The Composite Index Forex indicator is designed to resolve the divergence failure problem found in the original Relative Strength Index indicator.

However, the indicator’s ability to offer specific horizontal levels of support that are found within the Composite Index MT5 Forex Indicator add to its worth.

The Composite Index MT5 Forex Indicator takes the normalized formula of the basic RSI Indicator and eliminates the normalization range restrictions.

The Composite Index MT5 custom Forex Indicator deploys an embedded momentum calculation along with a short-term RSI smoothed.

There are three lines found within the Composite Index MT5 Indicator, the Dark Gray, Lime Green and Orange Red lines, where they represent the Composite index, Composite index 2 and Composite index 3 lines respectively.


Basic Trading Signals

Buy Signal: Go long when the lime green line intersects the dark gray line of the Composite Index MT5 Forex Indicator bottom up.

Sell Signal. Go short when the lime green line intersects the dark gray line of the Composite Index MT5 Forex Indicator in a top downward fashion.

Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the dark gray line of the Composite Index MT5 Forex Indicator intersects the lime green line in a top downward manner.

Exit sell trade: Close all sell orders if while a bearish trend is ongoing, the dark gray line of the Composite Index MT5 Forex Indicator intersects the lime green line in a bottom up fashion.

Tip: Intraday traders who trade on higher time frames i.e. 4-hour chart will find the Composite Index MT5 Forex Indicator a very useful trading tool.



MT5 Indicator Characteristics

Currency pairs: All forex pairs

Platform: MT5

Type: Chart window indicator

Time frames: All time frames

Type: Oscillator


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⭐️   ⭐️   ⭐️   ⭐️   ⭐️        TREND LINE MAP ⭐️⭐️⭐️   ⭐️⭐️ Trend Line Map indicator is an addons for Trend Screener. Important Note : 1.  Active Signals Performance via  TREND LINE MAP INDICATOR ( Daily Update )    ► Click Here 2. Trend Line Map is a Trend Line Scanner based on Trend Screener Indicator. Please make sure that you get  Trend Screener Pro  before getting Trend Line Map indicator. 3.  If you don't have  Trend Screener Pro  Indicator, the  Trend Line Map Pro  it will
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FuTuRe 01 Phi Cubic Fractals Pack1
Claudio De Carvalho Aguiar
This product contains following indicators: (Lines + LineSAR + Channels + BTL + Ladder) Phi Lines  - special EMAs, similar to MIMAs from Phicube; Phi LineSAR  - erase and highlight Phi Lines in support or resistance. Similart to MIMASAR from Phicube; Phi Channels  - show support and resistance, similar to Phibo from Phicube (Green and Read Lines); Phi BTL  - candles color following Phi Lines alignment; Phi LADDER  - Indicator that allow you to visualize possible targets.  FUTURO Tool Future to
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AnyProfile MT5
Evgeny Shevtsov
The indicator displays market profiles of any duration in any place on the chart. Simply create a rectangle on the chart and this rectangle will be automatically filled by the profile. Change the size of the rectangle or move it - the profile will automatically follow the changes. Operation features You can manage the indicator using the buttons on the chart and the edit boxes for entering parameters. The settings are saved for each timeframe separately. The upper right corner of the chart win
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Configurable Dashboard Pro by RunwiseFX MT5
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Displays multiple indicators, across multiple timeframes and symbols to give a comprehensive overview of the market. Uniquely, the indicators are configurable and can include custom indicators, even those where you just have the ex4 file or those purchased from Market. Standard indicators can also be selected, the default being ADX, CCI, market price above/below Moving Average (MA), Moving Average Cross (MAX), MACD, Momentum (MOM), OsMA, RSI, Parabolic SAR, William's Percentage Range (WPR). Use
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PipFinite Reversal PRO MT5
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The Controversial 5-Step System That Professional Traders Use To Unlock Trading Success! Reversal Pro effectively combines price action, ideal location and reliable statistics in one smart algorithm. Understanding the market in this unique perspective allows you to recognize reversals professionally. Discover The Secret Of Professional Traders Get instant access ► www.mql5.com/en/blogs/post/716077 Copy & Paste what professional traders are doing right now! How To Trade Step 1: Trade Setu
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