This is a trend indicator. Its main purpose is detecting a price tendency as fast as possible and following it until its end with a maximum precision. The color of the indicator shows the current price direction. The indicator is based on the Dow Jones Theory, which states that the prices on financial markets move in a certain direction. At that each minimum/maximum is higher than the previous one during an ascending tendency, and is lower than the previous one during a descending tendency. Th
The iRenkoChart indicator allows creating custom Renko charts. It uses an open format of history files, easy switching between the charts based on Bid and Ask prices, history quality control, ability to use the Expert Advisors, indicators and chart objects for technical analysis and many other things. This indicator is based on iCustomChart and represents its particular implementation. iCustomChart demo version can be downloaded for free. Contents: Advantages and Features Input Parameters
US Dollar Index (USDX) is an index (or measure) of US dollar value comparing to a basket of foreign currencies. It is a weighted geometrical average of the dollar value calculated as a share of each currency in the basket: Euro (EUR), 57,6% share Japanese Yen (JPY), 13,6% share Pound sterling (GBP), 11,9% share Canadian Dollar (CAD), 9,1% share Swedish krona (SEK), 4,2% share Swiss Franc (CHF), 3,6% share USDX goes up when the US dollar is gaining "strength" (value) comparing to othe
AABB - Active Analyzer Bulls and Bears is created to indicate the state to what extent a candlestick is bullish or bearish. The indicator shows good results on EURUSD H4 chart with default settings. The Strategy of the Indicator When the indicator line crosses 80% level upwards, we buy. When the indicator line crosses 20% level downwards, we sell. It is important to buy or sell when a signal candlestick is formed. You should buy or sell on the first signal. It is not recommended to buy more a
The Envelopes indicator drawn using a tick chart. After launching it, wait for enough ticks to come. Parameters: Averaging period - period of averaging. Smoothing type - type of smoothing. Can have any values of the enumeration ENUM_MA_METHOD. Option prices - price to be used. Can be Ask, Bid or (Ask+Bid)/2. Deviation of boundaries from the midline (in percents) - deviation from the main line in percentage terms. Price levels count - number of displayed price levels (no levels are displ
The Bollinger Bands indicator drawn using a tick chart. After launching it, wait for enough ticks to come. Parameters: Period - period of averaging. Deviation - deviation from the main line. Price levels count - number of displayed price levels (no levels are displayed if set to 0). Bar under calculation - number of bars on the chart for the indicator calculation.Buffer indexes: 0 - BASE_LINE, 1 - UPPER_BAND, 2 - LOWER_BAND, 3 - BID, 4 - ASK.
The Advanced Depth Of Market indicator visualizes the stock depth of market in the form of price and volume percentage by the current price from the whole volume of the depth of market. Update takes place at the moment of changing the depth of market. Thanks to this indicator you can immediately define what requests prevail at the moment. This indicator will work only on the instruments on which the depth of market enabled. Input parameters: Depth of market - number of requests displayed in
The Average Directional Movement Index indicator drawn using a tick chart. After launching it, wait for enough ticks to come. Parameters: Period - period of averaging. Сalculated bar - number of bars on the chart for the indicator calculation.Buffer indexes: 0 - MAIN_LINE, 1 - PLUSDI_LINE, 2 - MINUSDI_LINE.
The VIP Consolidation Price indicator displays the price consolidation areas (a large gathering of sellers and buyers). If these areas are broken through, with a high probability the price will continue to move in the selected direction. The wider the price consolidation area, the higher the probability that the price will not return to the opposite boundary of the price consolidation channel after a breakthrough of the boundaries. The narrower the area, the higher the probability that pric
The Commodity Channel Index(CCI) indicator drawn using a tick chart. After launching it, wait for enough ticks to come. Parameters: period - number of single periods used for the indicator calculation. calculated bar - number of bars for the indicator calculation.The following parameters are intended for adjusting the weight of CCI signals (from 0 to 100). You can find their description in the Signals of the Commodity Channel Index section of MQL5 Reference. The oscillator has required
The Moving Average of Oscillator(OsMA) indicator drawn using a tick chart. After launching it, wait for enough ticks to come. Parameters: Fast EMA period - fast period of averaging. Slow EMA period - slow period of averaging. Signal SMA period - period of averaging of the signal line. calculated bar - number of bars for the indicator calculation.
This indicator is intended for comparing selected instruments by their relativeness. Instruments Relativeness demonstrates a relation between instruments. The trend line in the Instruments Relativeness indicator is drawn on the basis of prices of each instrument, that allows seeing the market movements more clearly. Input parameters: You can select 3 instruments; You can select the base date - the date to start calculating the Instruments Relativeness from.
The Momentum indicator drawn using a tick chart. After launching it, wait for enough ticks to come. Parameters: period - period of the indicator calculation. levels count - number of displayed levels (no levels are displayed if set to 0) calculated bar - number of bars for the indicator calculation.
Most time the market is in a small oscillation amplitude. The Trade Area indicator helps users to recognize that time. There are 5 lines in this indicator: Area_high, Area_middle, Area_Low, SL_high and SL_low. Recommendations: When price is between Area_high and Area_Low, it's time to trade. Buy at Area_Low level and sell at Area_high level. The SL_high and SL_low lines are the levels for Stop Loss. Change the Deviations parameter to adjust SL_high and SL_low.
This indicator is used to indicate the difference between the highest and lowest prices of the K line, as well as the difference between the closing price and the opening price, so that traders can visually see the length of the K line. The number above is the difference between High and Low, and the number below is the difference between Close and Open. This indicator provides filtering function, and users can only select K lines that meet the criteria, such as positive line or negative line.
This is an indicator based on the median pivot of candlesticks. Features: If the closing price is higher than the median pivot, it says that buyers are stronger than sellers on this candlestick. In the input parameter your can set the number of bars for calculating the median pivot. It also displays the remaining time of the last candlestick to the right of it. It supports all available timeframes under D1.
The Bulls Power indicator drawn using a tick chart. After launching it, wait for enough ticks to come. Parameters: Period - period of averaging. The number of ticks to identify high/low - number of single ticks for determining high/low. Calculated bar - number of bars for the indicator calculation.The following parameters are intended for adjusting the weight of Bulls Power signals (from 0 to 100). You can find their description in the Signals of the Bulls Power oscillator section of MQL5
The Bears Power indicator drawn using a tick chart. After launching it, wait for enough ticks to come. Parameters: Period - period of averaging. The number of ticks to identify high/low - number of single ticks for determining high/low. Calculated bar - number of bars for the indicator calculation.The following parameters are intended for adjusting the weight of Bears Power signals (from 0 to 100). You can find their description in the Signals of the Bears Power oscillator section of MQL5
The iTicksChart allows you to create custom tick charts. It is suitable not only for trading but also for analysis of tick history. Each missed or ambiguous tick is fixed and displayed on the chart. Experts, indicators, graphical objects can be used for technical analysis. Advantages and Features runs and works at any open chart window (called "base chart" further on in this document); looks like a common chart after launching (see Screenshots); history quality is monitored - each missed o
The True Trade Growth indicator displays a true result of trading. It shows the number of points calculated on the basis of your trade history without considering deposits and withdrawals. Settings: Date of calculation start; Calculate points by all symbols or by the current symbol; Drawing type (Line, Histogram, Filling).The purpose of the indicator is displaying how uniform your trading is. It allows analyzing your trading system.
DWMACD - Divergence Wave MACD. The indicator displays divergence by changing color of the MACD histogram. Only the last (current zero bar) is redrawn. The indicator is very simple to use and configure. Buffer divergence №1 can also be used in Expert Advisors. The indicator displays the following types of divergence (definitions from the code): #define MoveUp 1 - (Green) movement up, no divergence; #define MoveDn 2 - (Yellow) movement down, no divergence; #define MoveUpDiv 3 - (MediumTurqu
The Price Channel indicator drawn using a tick chart. After launching it, wait for enough ticks to come. Parameters: Period - period for determining the channel boundaries. Price levels count - number of displayed price levels (no levels are displayed if set to 0). Bar under calculation - number of bars on the chart for the indicator calculation.Buffer indexes: 0 - Channel upper, 1 - Channel lower, 2 - Channel median.
The Williams' Percent Range (%R) indicator drawn using a tick chart. After launching it, wait for enough ticks to come. Parameters: WPR Period - period of the indicator. Overbuying level - overbought level. Overselling level - oversold level. Сalculated bar - number of bars for the indicator calculation.The following parameters are intended for adjusting the weight of WPR signals (from 0 to 100). You can find their description in the Signals of the Williams Percent Range section of MQL5
This indicator is based on the trend line and breakthrough. Pair: EURUSD, GBPUSD. Timeframe: M15 Or H1. Input Parameters AlertsOn - alert on or off. TrendLine - show trend line. TrendLineStyle - style of trend line. UpTrendColor - color of up trend. DownTrendColor - color of down trend. ShowTakeprofit - show take profits. ShowTakeprofitStyle - style of take profit. UpperTakeprofitColor - color of up take profit. LowerTakeprofitColor - color of down take profit.
The True Trade Growth indicator displays a true result of trading in percentage terms. It shows the percentage calculated on the basis of your trade history without considering deposits and withdrawals. Settings: Date of calculation start; Initial deposit (specified by the user); Calculate the growth percentage by all symbols or by the current symbol; Drawing type (Line, Histogram, Filling).The purpose of the indicator is displaying how uniform your trading is. It allows analyzing your t
MA cluster is a set of Moving Averages and it includes major Fibonacci sequence numbers: 5, 8, 13, 21, 34, 55. Usually, MA cluster vibrates around the base level 1.0. If some Moving Averages are deviated too much from it, they will be regressed to the base level. As you know, some indicators like RSI, WPR and Stochastic have static overbought/oversold levels, if market runs with an extreme trend, they often send false signals (high/low passivation). This indicator has dynamic overbought/overso
The Average True Range (ATR) indicator drawn using a tick chart. After launching it, wait for enough ticks to come. Parameters: ATR Period - number of single periods used for the indicator calculation. The number of ticks to identify Bar - number of single ticks that form OHLC. Price levels count - number of displayed price levels (no levels are displayed if set to 0 or a lower value). Сalculated bar - number of bars for the indicator calculation.
Market forces will always determine the price direction. The MA Delta Momentum indicator calculates delta of the Moving Average, then it shows you strength of the market. It is the leading indicator that surpasses the traditional MACD indicator. Notes: Histogram bar is MA Delta Momentum; Color line is N periods Moving Average of MA Delta Momentum. The indicator supports all currency pairs and works on all timeframes. It is quite easy and simple to use. Both MetaTrader 5 and
The indicator is intended to predict a price level at which RSI will have a predefined value. The indicator has two input parameters: Period RSI (default value is 14); Required RSI level (default value is 70.0).During operation the indicator displays a line in the chart window. The line shows what price value is needed for the RSI with the specified period (14) to have the specified value (70). It allows analyzing the current overbought and oversold levels on the market, and place pending orde
DLMACD - Divergence Local (wave) MACD. The indicator displays local divergence on the waves of the MACD histogram by changing color of the MACD histogram. It was created as an addition to the previously created DWMACD. The indicator is very simple to use and configure. Divergence buffer №1 can also be used in Expert Advisors. The indicator displays the following types of divergence (definitions from the code): #define MoveUp 1 - (Green) movement up, no divergence; #define MoveDn 2 -
This set of three indicators gathers all the information necessary for an efficient scalping. The three indicators of this series are: TickCandle which displays charts in Ticks with several add-ons (MM20, MM50... Bollingers, Combos, DeMarker oversold and overbought areas and more), VolumeDeltaTick, which displays real volumes of sellers and buyers and the volume delta (difference between the two) of an instrument (real volume should be available, on a Future instrument for example),
It is very important to know the speed of the price change when creating a trend strategy. Usually, the Momentum indicator is used for that purpose; however it shows a relative change in percentage terms for a selected period. Sometimes it may be inconvenient, since the indicator values are period dependent. The values change from a fraction of a percent on small periods to several percents on large periods, what causes some difficulties with calculating, especial the Stop Loss and Take Profit o
The indicator displays the speed of the price change - the acceleration and deceleration of the market similar to acceleration in physics. The classic Accelerator is calculated using moving averages, at that its dimensionality depends on the settings. Price Acceleration has a constant dimensionality (the ratio of point to the squared time in timeframes) that is independent of the period selected, what allows interpreting its values with higher precision. This is a great advantage when formalizin
The B150 model is a fully revised version of the Historical Memory indicator with a significantly improved algorithm. It also features a graphical interface what makes working with this perfect tool quick and convenient. Indicator-forecaster. Very useful as an assistant, acts as a key point to forecast the future price movement. The forecast is made using the method of searching the most similar part in the history (patter). The indicator is drawn as a line that shows the result of change of t
This indicator shows the strength of bulls and bears. It is based on statistical calculations that indicate the trend at a moment of time. It can be used for short trends (ideal for scalpers) and long trends (for trend followers), depending on the parameters you set. It has two parameters: MAPeriod - Period for calculating the moving average (recommended values are 5 to 20, but you can optimize); AnalisedBars - Number of bars for calculating the trend (recommended values are 50 to 200, but
The VWAP indicator is a tool that professional traders have been using for years. Now as the information about real trading volume is available in MetaTrader 5, the user of this platform can also benefit from it. Please note, this indicator requires that your broker supports Real Volume Data. To find out whether it does, place the standard MetaTrader 5 indicator named "Volumes" on a chart, then select "Real" in the volume options. If your broker supports real volume you should see colored bars
About LiveRange Observer LiveRange Observer is a technical indicator that is used to identify the bullish / bearish state of the market. It also shows the suitable bid / ask price that you may use as reference in the trading. This indicator uses MFI (Money Flow Index) and ATR (Average True Range) indicators internally to perform the calculations. Indicator Inputs Period: The period to calculate ATR and MFI. I use this input value to calculate ATR and twice this value to calculate MFI. MF
This is an original trend indicator. Its values vary from -1 to +1. The closer the indicator is to +1, the stronger is the ascending trend. The closer it is to -1, the stronger is the descending trend. The indicator can be also used as an oscillator for determining the overbought/oversold state of the market. The indicator has one input parameter Period for specifying the number of bars to be used for calculations. Version 2.0: Added the signal line calculated as a moving average of the main l
The PiTrend original trend indicator that can have the values from -1 to +1. The closer the indicator value is to +1, the stronger the uptrend is. The closer it is to -1, the stronger the downtrend is. It can also be used as an oscillator to define the overbought/oversold levels. The indicator has one input parameter Distance for specifying the distance in points. The indicator ignores the price movements less than the Distance value. Version 2.0: Added the signal line calculated as a moving
This indicator shows you the volume underlying the Bid and Ask quotes in the MetaTrader terminal. Volume is a key driver of price - if there is a large skew between Bid and Ask volume, this suggests price is going to make a movement in the skew direction. This indicator is a very useful tool for scalpers and other short-term traders as it allows you to confirm your existing signals. Settings include: Scale Percent - percentage of window to fit volumes inside; VolumeLotsAtMaxScale - number
For those who like to know exactly what is going at their broker, this tool will not only display a real-time updated version of the average spread (grey histogram), but also an average deviation for both Bid and Ask prices (Red lines and Blue lines). This shows you what is happening during times of high volatility and will allow you to tune your trading strategies to suit your broker's behavior. During high volatility, the spread will often increase - this indicator shows you exactly what is h
Have you ever wondered what time of the day the market is more active or very quiet? Are you not sure when the Asian or the New York session starts? What will happen, if you are confident, but your broker has a time zone offset? If you are writing an Expert Advisor, will it work under certain market conditions only and will your users be able to configure it very easily? Will one session become more active than another, if the market changes over time? Wonder no longer! All these concerns
Description EnvelopesALL is an extended version of the standard Envelopes indicator. Methods of averaging of the standard Envelopes Methods of averaging of EnvelopesALL Simple averaging Exponential averaging Smoothed averaging Linear weighted averaging Simple averaging Exponential averaging Smoothed averaging Linear weighted
In the original EasyTransaction indicator trading system signals are generated when the blue line crosses level 50 and when it crosses the yellow (dotted) line. But I recommend using the following signals for trading: buy, when the blue line crosses yellow line upwards while they are both below the level 50; sell, when the blue line crosses yellow line downwards while they are both above the level 50. Input Parameters: SF (default = 5) - a smoothing factor; AlertLevel (default = 50) - indi
SR lines indicator draws the support and resistance lines on a chart. The lines are drawn using maximums and minimums. They are detected using intersections of two moving averages. The indicator has two input parameters: First MA Period and Second MA Period. They are used for specified the periods of the corresponding moving averages.
This indicator draws color bars on the basis of the ADX Wilder indicator helping you to find trends. Color of Bars: Blue - the main signal is going up and DI+ > DI-, the market is bullish; Red - the main signal is going up and DI- > DI+, the market is bearish; White - the main signal is going down, no trend is detected.Input Parameters: Period - the period of the ADXWilder indicator.
This indicator calculates and plots two lines on the basis of the number of bars which went Up and Down (aggregated value) during a period specified in bars. For example, if you take 100 bars, the last value of the indicator will tell you how many of the latest 100 bars are UP and how many of them are DOWN. It works on all timeframes. If focuses only on the direction of the movement, distance of the movement is not taken into account. The underline logic is like a in a casino game, where the pr
Indicator for Highlighting Any Time Periods such as Trade Sessions or Week Days We do we need it? Looking through the operation results of my favorite Expert Advisor in the strategy tester I noticed that most deals it opened during the Asian session were unprofitable. It would be a great idea to see it on a graph, I thought. And that was the time I bumped into the first problem - viewing only the Asian session on a chart. And hiding all the others. It is not a problem to find the work schedule
The indicator displays entry points on the chart using arrows. Three exponential moving averages (EMA) are used: The fast one (red) with the parameter of averaging MaPeriod; The medium one (green) with the parameter of averaging equal to MaPeriod * 2; The slow one (black) with the parameter of averaging equal to MaPeriod * 4.Condition for Opening a Long Position: The fast EMA crosses the medium one upwards; The medium EMA is above slow one.Condition for Opening a Short Position: Th
This is not just an indicator; this is a quantitative presentation of a great idea. This indicator detects the following major price patterns: 5-0 AB=CD Bat Alternate Bat Gartley Crab Shark Ideal Butterfly Three Drives All the pattern definitions can be found at HarmonicTrader.com. Unlike other similar indicators, this indicator is not based on ZIGZAG indicator. As you know, the high/low result of ZIGZAG indicator is uncertain; the last value floats in a wide range. This indicator c
A unique indicator for determining global trends developed on the basis of the Renko method. The indicator sets up for the entire history by itself depending on the search period chosen. It works on all instruments and timeframes and it requires some price history for the analysis. The indicator values and levels are stored in global variables and thus can be used in Expert Advisors. The indicator is not redrawing. If you have any questions or need to improve this indicator, please write at v
This is a simple to use Pin Bar indicator for the MetaTrader 5 platform. Current configuration sets a pin at: Min nose ratio: 60 Max body ratio: 40Both are customizable. On a bearish pin a red diamond/dot appears. On a Bullish pin a green diamond/dot appears (only after the candlestick has closed). The indicator works on all timeframes. Pictures show 2 different timeframes and different settings.
This indicator is not multiple MA indicator cluster. It draws trend band by dual moving average lines with multiple colors, and includes: Uncertain rise; Uncertain fall; Certain rise; Certain fall. All currency-pairs and all timeframes are supported. Both MetaTrader 5 and MetaTrader 4 versions are available. Price is US$10 each. If you need a MetaTrader 4 version, please leave a message with your comments. Enjoy!
AIIV EURUSD - Active Index Inflection Values EURUSD The Indicator Shows: The intensity and the direction of the movement of USD. The intensity and the direction of the movement of EUR. The inflection value of EURUSD.This indicator allows determining a state of inflection on the market with a delay of one-two candlesticks and a 60% precision (precision depends on the chart timeframe - the higher the timeframe, the more precise is the forecast). AIIV is a series of indicators of inflection
Semi-automated Forex strategy for the MetaTrader 5 platform. It works best during the London and New York trading sessions on M30 or H4 chart. Red arrows indicate points for selling and green arrow - points for buying. Red and green lines show where to put Stop losses. Profit target is 20-100 points only.
This indicator is based on MACD oscillator. The difference between the classic MACD and the Tape MACD is the drawing only one line. When it turns green, this means that the currency pair will rise; and when it turns red, it means that the currency pair will fall. How to trade with tape MACD: Buy: wait until the indicator color turns to green. Sell: wait until the indicator color turns to red.
An audio signal is activated when candle patterns appear. The corresponding candle is marked on the chart and signed by the candlestick pattern's code. Comparing the code with the list in the upper left corner of the screen and knowing how the pattern operates, you can check the overall trend and make your decision to buy or sell. If your broker uses five-digit quotes, change UseExtraDigit parameter to true.
Diversified signal has nothing in common with majority of the indicators represented here. The signal is not a derivative from the Euro-Dollar cost in itself and is calculated by stages: 18 pairs USDXXX and 11 pairs EURXXX are being analyzed simultaneously on 7 different time scales and the direction of their movement is being estimated (the result is being updated on the screen permanently). On every time scale the signal for USD is calculated separately out of dollar pairs. On every ti
What is ADX? ADX (Average Directional Movement Index). This indicator was developed by J. Welles Wilder. It serves as an indicator of directional movement (i.e. trend) strength. The calculation of directional movement index (DMI) is based on the assumption that where there is an uptrend, today's high should be higher than yesterday's high. Conversely, where there is a downtrend, today's low should be lower than yesterday's low. Using the ADX ADX is often neglected due to its obvious disad
SignalFinder is a multicurrency indicator displaying trend direction for several currency pairs and time frames on a single chart. Main Features: The indicator is installed on a single chart. The trend is defined at the last complete bar. Intuitive and simple interface.Input Parameters: Symbols - currency pairs. TimeFrames - time periods (time frames).Currency pairs and time frames are separated by comma in the list. If a currency pair or a time frame does not exist or is mistyped,
This a multicurrency indicator for a USD basket: AUDUSD EURUSD GBPUSD NZDUSD + USDCAD USDCHF USDJPY. The last three pairs are reversed in the indicator, as they are reverse correlated. It implies trading with a highest and a lowest pair (one above all and below all); once they start converging, you should enter a trade. For example, if EURUSD is above and USDCHF is below, then we sell EURUSD and also USDCHF as it is reversed in the indicator.
This new unique indicator Actual tick footprint (volume chart) is developed for using on Futures markets, and it allows seeing the volume of real deals right when they are performed. The indicator Actual tick footprint (volume chart) represents a greatly enhanced tick chart that includes additional information about the volume of deal performed at a specific price. In addition, this unique indicator for MetaTrader 5 allows to clearly detecting a deal type – buy or sell. Alike the standard tick
This indicator colors the candles according to the current trend reminding popular HeikenAshi. The indicator is easier to analyze compared to standard Japanese candlesticks. It can be used as a simple strategy together with a trend indicator. The indicator is included in Argo-Trix strategy's set of indicators. The screenshot displays Argo Candles together with SATL indicator. Only the calculation period can be changed in the settings affecting its lagging rate.
Multi-timeframe version of the standard Variable Index Dynamic Average (VIDyA, VIDA) indicator. Input parameters: TimeFrame - used time frame: Can be any of ENUM_TIMEFRAMES values. TimeCorrection - use time correction: Can be true or false (see the first screenshot: true is the first indicator, false is the second indicator). PeriodCMO - Period (bars count) for the Chande Momentum Oscillator calculation: Can be larger than 0.PeriodEMA - EMA pe
This indicator is a heart of the strategy "ARGO". It recommends when to enter the market, it shows divergence and the speed of forming of short-term (hexagram) and long-term (color line) trends. All the main signals (classic and reverse divergence, buy, sell, oversold and overbought conditions) are accompanied with voice messages. The indicator does not require any setting depending on the currency pair or period it is used with. It can be used for any style of trading (pipsing, intraday, long-
The indicator draws a trend channel and adds Fibonacci levels (extension). It is a part of Argo-Trix strategy's set. However, it can also work as an independent strategy (trading within a channel, side channel's breakdown or Fibonacci levels). The indicator has plenty of settings that can be changed according to your strategy and trading style. For those who trade within a channel, the indicator displays inclined or inclined + side channels and defines the side channel's width in the terminal