See these free indis at http://www.selectfx.net/free_stuff_ind.htm
For M5 charts, in particular look at SFX MCL & SFX TDQB
Also iTrend hitting a certain level for pair & timeframe is also good at signaling potential reversal
Good Luck
-BB-
Hi, I like the 5 min timeframe for doing Daytrades and using the i min to help with entry. Try my 3D ADX which is simply this:
5 Bar ADX 7Bar ADX 12Bar ADX Superimposed on the chart. Sometimes they will all come to a point at the top or bottom. This is usually the Optimum time to enter the trade either Long or Short. I used to do this with the Force indicator as well. By Superimposing indicators you get a better picture when there is a divergence.
Jim Contant
"Jims Trading Machine"
5 Bar ADX 7Bar ADX 12Bar ADX Superimposed on the chart. Sometimes they will all come to a point at the top or bottom. This is usually the Optimum time to enter the trade either Long or Short. I used to do this with the Force indicator as well. By Superimposing indicators you get a better picture when there is a divergence.
Jim Contant
"Jims Trading Machine"
Thanks BB & Jim.. I'll try it right away!

You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
I'm looking for an indicator that give somewhat good trade signals on 5M period.
Can you suggest some?
Any advice will be much appreciated.
Thanks,
Mike