Free Technical Indicators for MetaTrader 5 - 6

A combined indicator of two famous indicators: RSI , Bollinger Bands Can be used in all currency pairs Can be used in all time frames with many signals Very simple and fast to use Description: This indicator is made from the combination of RSI and Bollinger Bands indicators As you can see, it shows good signals and is worth using and testing We hope you are satisfied with this indicator Settings: show past show candle: Displays the number of candles that the indicator calculates. For example

Introduction This indicator detects volume spread patterns for buy and sell opportunity. The patterns include demand and supply patterns. You might use each pattern for trading. However, these patterns are best used to detect the demand zone (=accumulation area) and supply zone (=distribution area). Demand pattern indicates generally potential buying opportunity. Supply pattern indicates generally potential selling opportunity. These are the underlying patterns rather than direct price action. T

Rejection Block Indicator and Void MT5 The Rejection Block Indicator is a powerful tool designed to detect market reversal zones in MetaTrader 5 . By analyzing candle wicks, this indicator marks crucial rejection block areas where long upper shadows near price highs and lower shadows near price lows act as potential reversal points. Additionally, the Void (absorbed portion) within the rejection blocks is highlighted in gray. Once this void is entirely filled, it signals that the level has lost

Channel Zigzag Indicator for MT5 The Channel Zigzag Indicator is an enhanced version of the traditional Zigzag tool, designed specifically for MetaTrader 5. Using an adaptive Zigzag line, it effectively filters out market noise, allowing traders to clearly interpret price movements. This indicator draws dynamic channels around trends to highlight key support and resistance areas and provides detailed insights by calculating step sizes and tracking price interactions with channel boundaries. «I

Because style matters I know how annoying it is to click properties every time to change the candle’s color, the background to light or dark, and put or remove the grid. Here is the solution with one click: Three customizable buttons to choose the candle style that traders want. One button to switch between Day and Night mode. One button to show or hide the Grid on the charts.  *****On the settings, you can choose where the buttons should be displayed on the screen***** Also, consider checking m

Graph configuration and buy and sell signals based on Stormer's  (Alexandre Wolwacz, Brazilian trader) swing, position and day trade strategy, described on his youtube channel (https://www.youtube.com/watch?v= 0QZ_NjWkwl0) The buy and sell indications are based on 2 candle patterns ( Inside Bar [Yellow] and Reversal Closing Price [Blue and Red] ), 3 Moving Averages and 1 Stochastic . Indicators: Inside Bar - Candle pattern indicating trend continuity, or reversal Reversal Closing Price - Cand

Check my version of the moving average convergence divergence (MACD) indicator based on Heikin Ashi calculations. Here you find multi-colored histogram which corresponds to bull (green) / bear(red) trend. Dark and light colors describes weakness/strenght of price trend in time. Also you can switch calculations between normal and Heikin Ashi price type. Note: Buffers numbers for iCustom: 0-MACD, 2-Signal line

Description:  For a comprehensive understanding of our indicators, we invite you to explore the entire Q&A section within this MQL5 blog post   here . The "Moving Average Lines Crossover with Alert" is a valuable technical analysis tool designed to help traders identify potential trend reversals and trading opportunities. Seamlessly integrated into your trading platform, this indicator empowers you with essential data to make well-informed trading decisions. Spot Trend Reversals: Utilize the pow

The Flower Indicator is a technical analysis tool primarily used to identify trends and assist with scalping or intraday trading strategies. The Flower Indicator is a signal trend indicator based on technical and price dynamics analysis. It visually signals trends using colored flowers—blue flowers indicate an uptrend , while red flowers indicate a downtrend Each levels can act like support & resistance ( watch for +/- 200 levels & the dots when appear on the chart ) You can set the dots to appe

Key Price Action Levels Indicator for MT5 The Key Price Action Levels Indicator for MetaTrader 5 is designed to pinpoint crucial chart levels using Price Action analysis. It interprets genuine price movements to highlight vital zones such as pivot points, round number levels, Fibonacci levels, and support and resistance areas. «Indicator Installation & User Guide» MT5 Indicator Installation  |  Key Price Action Levels Indicator MT4  | ALL Products By  TradingFinderLab  | Best MT5 Indicator:  Ref

Elevate Your Trading with Advanced Anchored Volume Weighted Average Price Technology Unlock the true power of price action with our premium Anchored VWAP Indicator for MetaTrader 5 - the essential tool for precision entries, strategic exits, and high-probability trend continuation setups. Write me a DM for a 7 day free trial.  Anchored VWAP Plus gives traders unprecedented control by allowing custom anchor points for Volume Weighted Average Price calculations on any chart. With support for 4 sim

The ATR Exit indicator uses the candle close + ATR value to draw trailing stop lines (orange under buys, magenta over sells) that advance with the trend until the trend changes direction. It uses a multiple of the Average True Range (ATR), subtracting it’s value from the close on buy, adding its value to the close on sell. Moreover, the trailing stop lines are generated to support the order’s trend direction (long or short):  In an upward trend, the long trailing stop line (orange line under bu

Engulfing Candle Detector Detectable pattern Double Candlestick Patterns Bullish Engulfing The first candle is black candle. The second candle opens with a gap below the real body of the black candle but rallies upwards to close above the real body of the black candle. In other words, the second candle's real body completely engulfs the first candle's real body Bearish Engulfing The first candle is white candle. The second candle opens with a gap above the real body of the white candle but dec

Understanding the RSI Adaptive EMA Indicator This code implements a custom trading indicator called "RSI Adaptive EMA" for MetaTrader platforms. It's a fascinating approach that combines RSI (Relative Strength Index) with an Exponential Moving Average (EMA) in a way that makes the EMA adapt based on market conditions. Core Concept Traditional EMAs use a fixed smoothing factor (alpha), but this indicator creates a dynamic smoothing factor that changes based on RSI values. This allows the EMA lin

The indicator displays minimized charts of any symbol from any timeframe. The maximum number of displayed charts is 28. The charts can be located both in the main and bottom window. Two display modes: candles and bars. Amount of displayed data (bars and candles) and chart sizes are adjustable. To work with a mini chat, you must first put the desired indicator(s) on a regular chart, then save it as a template and apply a template for the mini chart via the appropriate parameter, for example, for

TG MTF MA MT5   is designed to display a multi-timeframe moving average (MA) on any chart timeframe while allowing users to specify and view the MA values from a particular timeframe across all timeframes. This functionality enables users to focus on the moving average of a specific timeframe without switching charts. By isolating the moving average values of a specific timeframe across all timeframes, users can gain insights into the trend dynamics and potential trading opportunities without sw

KDJ Indicator in MetaTrader 5 Download The KDJ indicator offers a refined approach to momentum analysis, expanding on the traditional Stochastic Oscillator for enhanced accuracy within the MetaTrader 5 environment. It features three core lines—K, D, and J—each representing a different element of market dynamics. The J line, which distinguishes KDJ from basic stochastic tools, tracks the divergence between the K and D values, making it especially effective for spotting overbought and oversold zon

Easily get all relevant economic events of the current day right into your chart, as markers. Filter what kind of markers do you want: by country (selected individually) and by Importance (High relevance, Medium, Low or any combination of these). Configure the visual cues to your liking. If there is more than one event set to the very same time, their Names will be stacked and you will see the messages merged with the plus (+) sign on the marker. Obviously that long or too much events on the sam

Simple ATR (Average True Range) Channel to find your Stop Loss and/or Take Profit. Indicator allows to draw a second multiplier if you need different values for SL and TP. Leave the second multiplier to 0 if not used. Settings + Length + Smoothing  + Multiplier #1 (default 1.5) + Multiplier #2 (set to 0 if not used) + High price + Low price + show price line + colors can be changed Please leave wishes in the comments. Reviews are also welcome.

The behavior of different currency pairs is interconnected. The Visual Correlation indicator allows you to display different Symbols on a single chart while preserving the scale. You can determine a positive, negative correlation, or lack thereof. Some instruments begin to move earlier than others. Such moments can be determined when overlaying charts. To display a tool on a chart, enter its name in the Symbol field. Version for MT4  https://www.mql5.com/en/market/product/33063

Fair value gap indicator MT5  – Advanced Fair Value Gap Detection for MT5 Enhance Your Trading with Fair value gap indicator MT5! Are you looking to identify   Fair Value Gaps (FVGs)   effectively and integrate them into your trading strategy? The   Fair value gap indicator MT5   for   MetaTrader 5 (MT5)   offers a comprehensive solution to detect and utilize FVGs, providing you with a trading edge. Key Features:   Dynamic FVG Detection:   Automatically scans and highlights FVGs on your cha

Pivot Points All-in-One Indicator for MetaTrader 5 The Pivot Points All-in-One Indicator is a practical tool for identifying pivot points and key price reaction zones . Developed for the MetaTrader 5 (MT5) platform, it helps traders accurately identify market levels and use them to set take-profit (TP) and stop-loss (SL) levels. This indicator calculates pivot points using the previous day's high , low , and close prices . It then plots the pivot level in blue while marking support levels in g

This indicator uses the Zigzag indicator to identify swing highs and swing lows in the price chart.  Once it has identified the swing highs and swing lows, it can use them to determine potential support and resistance levels. A support level is formed when the price drops and bounces back up from a swing low, indicating that there is buying pressure at that level. A resistance level is formed when the price rises and reverses downward from a swing high, suggesting selling pressure at that level.

MomoPoints is an indicator that shows long and short entry/add points on the chart. Based on momentum and trend strength, MomoPoints show entries/adds with a good risk to reward ratio. Settings ---------------------------------- Design: Colors, size and wingdings (graphic symbol) of the signal can be adjusted. Signal Settings: Moving average period, trend strength, distance from moving average to price and RSI period can be set. Signal values can be displayed as a comment to set the correct

Using the Stochastic Oscillator with a Moving Average is a simple but very efficient strategy to predict a trend reversal or continuation. The indicator automatically merges both indicators into one. It also gives you visual and sound alerts. It is ready to be used with our programmable EA, Sandbox, which you can find below: Our programmable EA:  https://www.mql5.com/en/market/product/76714 Enjoy the indicator! This is a free indicator, but it took hours to develop. If you want to pay me a coff

This indicator shows colored candles when price are strongly distorted in relation to their averages. A good time for buy can be seen after the closing of a silver candle. The pattern becomes more reliable if the purchase is opened when the price of the candle after the silver   candle is above the maximum price of the silver   candle. A good time for sell can be seen after the closing of a pink candle. The pattern becomes more reliable if the sale is opened when the price of the candle after

If you love this indicator, please leave a positive rating and comment, it will be a source of motivation to help me create more products <3 How to use SuperTrend? When the price crosses above the supertrend line it signals a buy signal and when the price crosses below the supertrend line it signals a sell signal. The supertrend indicator which acts as a dynamic level of support or resistance and helps traders make informed decisions about entry and exit points.  When prices are above s upertre

High-Low Liquidity Sweep ICT MT5 The HLRS (High Liquidity Resistance Sweep) and LLRS (Low Liquidity Resistance Sweep) indicators are advanced tools designed to analyze price movement within liquidity zones based on the ICT framework. An HLRS pattern emerges when the price accumulates liquidity at its lowest point before initiating an upward movement. This shift is characterized by the consistent formation of higher lows and higher highs, establishing a structured bullish trend. On the other hand

Schaff Trend Cycle Indicator for MetaTrader5 The Schaff Trend Cycle Indicator for MetaTrader5 is a momentum-based oscillator that helps detect potential reversal zones on the price chart. It is built using a hybrid model of the MACD (Moving Average Convergence Divergence) and the Stochastic Oscillator. This indicator marks readings below the 25 level as potential buying zones (oversold), while values above 75 suggest overbought conditions. The visual movement is depicted by a curved purple line

ATR Based Swing Trader Indicator Description The ATR Based Swing Trader Indicator is a sophisticated technical analysis tool designed for MetaTrader 5 (MT5) to assist swing traders in identifying potential buy and sell signals based on the Average True Range (ATR) and trend direction. Developed by Rahulkumar Kanani, this indicator leverages volatility and price movement to generate actionable trading signals, making it suitable for traders who aim to capture short- to medium-term price swings in

Introducing the ZigZag Profile — a powerful tool designed to identify high-probability pivot zones where price action frequently reverses. This indicator analyzes historical price data to pinpoint key areas where price has pivoted multiple times, providing traders with actionable insights into potential support and resistance levels. The ZigZal Profile  indicator continuously scans for zones where price has reversed direction the most, highlighting these critical areas on your chart. By focusing

Experience the power of Demark Trends Indicator for comprehensive trend analysis and trading insights. Demark indicators are renowned for their effectiveness in assessing market trends and exhaustion points. Our Demark Trends Indicator takes this expertise to the next level, automatically drawing precise trendlines on your charts. With customizable parameters, including the number of candles in calculations, alarm settings, and line colors, you have full control over your analysis. Whether you'

The  Order Block Indicator for MT5  is a powerful tool designed for traders who use smart money concepts and institutional trading strategies. It automatically detects key order blocks on the chart, helping traders identify high-probability reversal and continuation zones. Key Features: • Automatic Order Block Detection – Highlights strong buying and selling zones based on price action and volume. • Multi-Timeframe Support – Analyze order blocks across different timeframes for better market in

If you have the opportunity to read the book " Trend Trading - A Seven-Step Approach to success " by Daryl Guppy, you will have a great deal of information about how to "read" the market. In his book Daryl show, among other things, how can we use a visual tool to measure the volatility and trend between Long and Short-term periods: The GMMA - Guppy Multiple Moving Averages . Instead of using his original idea of having 12 Exponential Moving Averages in your chart - which could be very CPU-deman

This is CM Williams VIX Fix Indicator by ChrisMoody adapted to MQL5 The CM Williams VIX Fix indicator, developed by Larry Williams, is a technical analysis tool designed to replicate the market sentiment insights provided by the CBOE's VIX, but applicable to a wide range of asset classes beyond stock indices.Unlike the actual VIX, which measures implied volatility in the S&P 500 options market, the VIX Fix utilizes historical price data to identify periods of significant market stress, often as

Average Daily Range (ADR) Indicator for MetaTrader 5 The Average Daily Range (ADR) Indicator for MetaTrader 5 is a powerful analytical tool developed for monitoring average price fluctuations within a trading day. It serves as an essential asset for evaluating market dynamics and intraday volatility. A price movement reaching the ADR High can indicate a potential exhaustion among buyers, often hinting at an upcoming pullback. Conversely, when the price moves toward the ADR Low, it might represen

CPR Pivot Lines It Will Draw Pivot   Point R1,R2,R3 S1,S2,S3 Tc Bc   Best Part Is That You Can Even Add Values Of High,Low,Close Manually Also To Get Your All Levels On Chart.So If Your Broker Data Of High ,Low ,Close Is Incorrect Then You Don’t Have To Depend On Them Anymore. You Can Even Modify All Lines Style. It Will Show Line In Floting Style And Not Continues Mess.

This indicator can send alerts when a Heiken Ashi Smoothed color change occurs. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can send all types of alerts. Option to delay the alert one or more bars in order to confirm the color (trend) change. Input parameters Candle shift for alert: Default is 1. Setting it to 0 will alert you on color change on the current candle. This should be regarded as a pending (uncon

This indicator forms a channel based on the readings of the ADX (Average Directional Movement Index) indicator, displays and informs the trader of a price reversal at the boundaries of this channel, and can also report when the price touches the channel boundaries. It also draws additional dotted lines, which depend on the readings of the + DI and -DI of the ADX indicator. It also has an option for filtering signals depending on the readings of the stochastic. The channel drawn by this indicato

CISD - CSD + FVG – IFVG ICT Indicator for MT5 The CISD – CSD + FVG – IFVG indicator is an advanced tool that identifies CISD levels within liquidity-based trading strategies on MetaTrader 5 . This indicator examines price behavior concerning FVG and IFVG zones and generates arrow signals to highlight CISD levels, offering potential trade entries and reversal alerts. «Indicator Installation & User Guide» MT5 Indicator Installation  |  CISD fvg and ifvg ICT MT4  | ALL Products By  TradingFinderLab

With this easy to set up indicator you can display and set alerts for the following candlestick formations: Bull Breakout, Bear Breakout, Hammer, Pin, Bullish Engulfing, Bearish Engulfing. Input parameters: ShortArrowColor: The color of the Arrows, displaying a Bearish candle formation LongArrowColor: The color of the Arrows displaying a Bullish candle formation BullishEngulfing: Disabled/Enabled/EnabledwithAlert BearishEngulfing: Disabled/Enabled/EnabledwithAlert Pin:  Disabled/Enabled/Enabledw

Enhance your trading precision with the WH  Trading Sessions MT5 indicator for MetaTrader 5! This powerful tool helps you visualize and manage key market sessions effortlessly. Based on :  WH SMC Indicator MT5 MT4 Version :  WH Trading Sessions MT4 Key Features: Interactive GUI Panel – Easily select and toggle between Asia, London, and New York trading sessions. Customizable Alerts & Settings – Tailor the indicator to your strategy with an intuitive Options Tab . Fast & Responsive Interface

Developed by Chuck LeBeau, the Chandelier Exit indicator uses the highest high / lowest low -/+ a multiple of the ATR value to draw trailing stop lines (orange under buys, magenta over sells) that advance with the trend until the trend changes direction.The value of this trailing stop is that it rapidly moves upward in response to the market action. LeBeau chose the chandelier name because "just as a chandelier hangs down from the ceiling of a room, the chandelier exit hangs down from the high

It is the MQL5 version of zero lag MACD that was available for MT4 here: https://www.mql5.com/en/code/9993 Also there was a colored version of it here but it had some problems: https://www.mql5.com/en/code/8703 I fixed the MT4 version which has 95 lines of code. It took me 5 days to write the MT5 version.(reading the logs and testing multiple times and finding out the difference of MT5 and MT4!) My first MQL5 version of this indicator had 400 lines of code but I optimized my own code again and n

UPDATED The Non-Repaint zones is a time base indicator that scans for possible reversal of the market for perfect entry. It read the history and draws the possible zone for our comfort. The indicator possesses four different zones that read the history of the market over 10,000 previous bars and predict the possible entry point. It rescans every market trend change to give us the possible zone, it is used for trading all types of markets and does not repaint. The indicator has the following inp

Iceberg Divergen Indicator Uncover the hidden opportunities beneath the surface. Overview Divergences in the Awesome Oscillator (AO) often signal powerful market reversals, yet spotting them manually can be challenging and time-consuming. Missing out on these opportunities can cost traders valuable entry points. That’s why we created the   Iceberg Divergence Indicator   — a powerful tool that precisely detects both regular and hidden divergences in AO. With Iceberg Divergence, you won’t just id

The Volume Weighted Moving Average (VWMA) is calculated based on Prices and their related Volumes giving importance to those candles with more Volume. During periods of almost equal volume distributed along the observed period (commonly, in low volume periods) the VWMA will be graphically similar to a Simple Moving Average. Used along other moving averages a VWMA could be used as an alert, filter or whatever your imagination could think of... HOW TO "READ" THIS INDICATOR As any Moving Average.

Volume and RSI-based sniper entry signals for Boom and Crash synthetics feature robust entry alert systems. For more advanced filter signals, consider the Harmonic Hybrid Pro. When trading spikes, three orders are strategically placed to manage risk, with the third order positioned close to the highest probability of a spike. Signals are no longer valid fifteen minutes after the final order, and any losses should be closed promptly. For take profit (Tp), it is advisable to exit shortly after a s

BREAKOUT-SESSION-BOX LONDON EU US ASIA Open watch the expectation of a volatile movement above or under the opening range We take the high of the range as Entry for a long trade and SL will be the low of the range and vice versa the low of the range as Entry for a short trade and the high for SL The size of the range is the distance to the TP (Take Profit) The range of the opening hours should not be larger than about 1/3 of the average daily range 4 breakout examples are already predefined: A

This is one of the most popular and highly rated   volatility index (VIX)   indicators on the market. It provides the same readings as the VIX does for stock indexes. However, this indicator works across all asset classes.  VIX Fix Finds Market Bottoms.  This indicator is not for inexperienced traders. Use it for day and swing trading. MT4 Version -  https://www.mql5.com/en/market/product/112238 Join To Learn Market Depth -   https://www.mql5.com/en/channels/suvashishfx Bernard Baruch summe

RangeCanvas MT5 – Visual Daily Range Box Indicator RangeCanvas MT5 is a chart overlay tool for intraday traders. It plots each day’s high-low range as a box, with color coding based on price position relative to the daily open. The indicator helps users monitor daily structure and volatility using clearly defined zones. Each box includes optional internal levels at 25%, 50%, and 75%, useful for traders observing price behavior within a day. A pip-range label below the box displays the total mo

Are you tired of drawing trendlines every time you're analyzing charts? Or perhaps you would like more consistency in your technical analysis. Then this is for you. This indicator will draw trend lines automatically when dropped on a chart. How it works Works similar to standard deviation channel found on mt4 and mt5. It has 2 parameters: 1. Starting Bar 2. Number of bars for calculation The   starting bar   is the bar which drawing of the trend lines will begin, while the   number of bars for c

Introducing the powerful NRTR (Nick Rypock Trailing Reverse) indicator - an essential technical tool for traders seeking to identify trend reversals and establish effective trailing stops. Developed by Nick Rypock, this indicator boasts a unique algorithm that adapts to ever-changing market conditions, making it a valuable addition to any trader's arsenal. Here are two popular ways in which traders use this indicator: 1. Trend Reversals: The NRTR indicator generates clear signals when a trend is

Dollar Index DXY indicator for MT5 The Dollar Index DXY indicator for MT5 is a powerful analytical instrument within the MetaTrader 5 platform, designed to evaluate the performance of the U.S. Dollar relative to a basket of major currencies. This indicator can function as a standalone measure or as a complementary tool within broader technical setups to enhance investment analysis. By observing correlations and divergences between the U.S. Dollar and other global currencies, traders are better e

Hi-Lo is an indicator whose purpose is to more precisely assist the trends of a given asset - thus indicating the possible best time to buy or sell. What is Hi-lo? Hi-Lo is a term derived from English, where Hi is linked to the word High and Lo to the word Low. It is a trend indicator used to assess asset trading in the financial market. Therefore, its use is given to identify whether a particular asset is showing an upward or downward trend in value. In this way, Hi-Lo Activator can be tran

Divergence MTF Volume Pro: Your Ultimate Edge in the Market Have you ever felt that the market takes you by surprise? Would you like a tool that anticipates possible turns and provides clearer signals for entering or exiting trades? Introducing Divergence MTF Volume Pro! Imagine seeing when price and volume (the force behind movements) start to contradict each other. This, known as divergence, is one of the most powerful signals indicating a potential trend reversal or strong continuation. Our

Description: Heikin-Ashi-like swing oscillator candles. It can be used in the same way as RSI or Stochastic. For example: Zero crossing. Above the zero line is bullish, below the zero line is bearish. Overbought or oversold. 100 line is the extreme bought level, -100 line is the extreme sold level. Divergences. Time frame: Any time frame. Instrument: Any instrument.

This is a powerful, session-aware breakout indicator designed for serious traders who thrive on volatility and structure. Engineered for precision, it identifies high-probability breakout zones during the London and New York trading sessions—where the market moves with intent. Key Features: Session Range Detection Automatically detects and highlights the key price range of London and New York sessions. Breakout Confirmation Identifies breakout candles after the session range, with clear bullis

Imbalance in Trading: Basics and Strategies Imbalance in trading is a phenomenon where there is a disparity between supply and demand in the market. This can manifest as an excess of buy orders (bullish imbalance) or sell orders (bearish imbalance), leading to inefficient pricing and creating opportunities for traders. Technical Aspects "Candlestick Pattern" : Imbalance is often represented by a three-candle pattern, where the second candle is longer than the others and determines the direction

RSI with moving average is great to see when the price is overbought and oversold instead of RSI only. INPU T PARAME TERS : RSI: Period - RSI period. Price - RSI applied price. Color scheme - RSI color scheme (4 available). MOVING AVERAGE: Period - MA period. Type - MA  type. Apply - MA applica tion. Shift - MA shif t (correc tion). PRICE LINE: Show - specify if line with price, only line or nothing. Style - line style. OTHER: Overbought level - specify  the level . Overbought descriptio

Idea extracted from the books by Anna Coulling and Gavin Holmes using Volume and Spread Analysis (VSA) techniques coupled with Al Brooks' expertise with Price Action these candles are magical, identify the exact moment   of the performance of the big players are acting in the market represented by the colors: 1) Red Candles we have an Ultra High activity, 2) Candles Orange we have a Very High Activity 3) Candles Yellow we have one High Activity 4) White Candles represent normal activity in

ChannelRSI5   The Relative Strength Index (RSI) indicator with dynamic levels of overbought and oversold zones. Dynamic levels change and adjust to the current changes in the indicator and prices, and represent a kind of channel. Indicator settings period_RSI - Averaging period for calculating the RSI index. applied_RSI - The applied price. It can be any of the price constants: PRICE_CLOSE - Closing price, PRICE_OPEN - Opening price, PRICE_HIGH - Maximum price for the period, PRICE_LOW - Minimum

Combination of Ichimoku and Super Trend indicators. 1. ARC (Average Range times Constant) The concept of ARC or Volatility System was introduced by Welles Wilder Jr. in his 1978 book, New Concepts in Technical Trading Systems . It has since been adapted and modified into the popular Super Trend indicator. The fundamental idea behind ARC is simple: to identify support and resistance levels, you multiply a constant with the Average True Range (ATR) . Then, you either subtract or add the resulting

This indicator draw a line on high and low levels of X number of days. It is possible to have an alert (in the software and mobile app) for when the price breaks the high or low of the current day. Configurações: Days -   past days to calculate (1 = actual day only). Alert when reach levels -   activate the alert for specific levels or both. Push notification -   enable the alert to the mobile MT5 app. Appearance High -   high level color. Low -   low level color. Size actual day -   thickness

Necessary for traders: tools and indicators Waves automatically calculate indicators, channel trend trading Perfect trend-wave automatic calculation channel calculation , MT4 Perfect trend-wave automatic calculation channel calculation , MT5 Local Trading copying Easy And Fast Copy , MT4 Easy And Fast Copy , MT5 Local Trading copying For DEMO Easy And Fast Copy , MT4 DEMO Easy And Fast Copy , MT5 DEMO MACD is called Convergence and Divergence Moving Average, which is developed from the double e

Download the Bollinger Bands MACD Indicator for MetaTrader 5 The Bollinger Bands MACD Indicator for MetaTrader 5 merges two widely-used technical analysis tools: the MACD oscillator and Bollinger Bands. This hybrid indicator enhances a trader’s ability to spot potential reversals and gauge the continuation of prevailing market trends. By merging volatility-based data from Bollinger Bands with momentum insights from MACD, this tool delivers clearer Buy and Sell signals during dynamic market phase

The ViewTrend indicator provides a visual interpretation of market conditions by coloring the candles and the moving average line based on defined technical criteria. How does it work? The algorithm analyzes the relationship between the current closing price, the previous closing price, and the behavior of a simple moving average (SMA). Based on this analysis, the indicator colors the candles and the moving average line according to the technical scenario observed: Blue — Suggestion: Consider Bu

MT5 Candlestick Pattern Alert Indicator: Enhance Trading Precision and Speed Overview The MT5 Candlestick Pattern Alert Indicator stands as a robust solution tailored to empower traders by swiftly detecting candlestick patterns and delivering timely alerts through various channels. This advanced tool facilitates efficient analysis of patterns, enabling traders to seize potential profitable trades promptly. Significance of Candlestick Patterns Candlestick patterns play a pivotal role in technical

This is an indicator for Quasimodo or Over and Under pattern. It automatically finds the swing points and can even place virtual trades with stop loss and take profit. Press the "Optimize" button to automatically find the most effective settings. The pattern consists of four legs A,B,C,D as shown in the pictures. Open and close prices of the virtual trades are Bid price but the statistics in Display Panel take current spread into account. Its parameters are explained below. Buffer   - Pips dista

Welcome to Super Trend System.  The system has a track record of 18 months with a consistence performance in a live account. It is designed with a great trend base determination algorithm that performs over 88% of forex pairs positively. The algorithm is also populated by multi-time frames to find an overall market trend direction. Kindly find the images for trades management.  How to use the System? When the signal line turns red, that is Sell signal, wait until the new red line creates and edg