The ForexTrendMT5 indicator identifies market trends ignoring sudden fluctuations and market noise around the average price, which makes it extremely reliable. It tracks the trend and indicates favorable time to enter the market with arrows. This indicator can be used for scalping as well as for a long term trading. It represents a type of technical analysis based on the idea that market has a cyclic nature.
Zig Zag Swing Detector is a talking indicator tool, that let you track new highs and lows using Zig Zag patterns and allows you to react to new highs and lows. For example for uptrend each time there is higher hi spotted, the strength of the trend is increased. Trend is ended with lower low than the previous one. Be notified by Alerts, Speech and Notifications and be alerted about new highs/lows! You can also setup conditions to open trades automatically on new heights. Speech synthesis allows
This tools is the first of a series of indicators which implement specific tasks for Forex Trading. All these tools have been developed after the creation and analysis of the universal ASTr_Pro indicator, created by a group of traders on the "all in one" principle. The detected regularities in the market behavior formed the basis of this series. AST_Light is similar to the very popular eASCTrend strategy. All materials on how to trade using this strategy are available on the Internet, so Ш wil
Many indicators are based on the classical indicator Moving Average. The indicator All_TF_MA shows crossing of 2 MA from each TimeFrames. You will be able to change main input parameters for each MA for every TF. Example for M1 TF: Period1_Fast = 5 Method1_Fast = MODE_EMA Price1_Fast = PRICE_CLOSE Period1_Slow = 21 Method1_Slow = MODE_SMA Price1_Slow = PRICE_TYPICAL
PusherMT5 is an exact copy of Pusher for MetaTrader 4. Pusher is a modern signal indicator designed for finding the optimal position entry. The indicator determines the place where very strong factors start moving the price, usually the market cannot immediately stop after that. This is an indispensable indicator for use in trading systems and is better than many other known tools. Pusher is based on truly global patterns of the market. Pusher based systems maintain the ability to profit from
ZigZagChannel2 draws a channel line parallel to the last leg of the ZigZag indicator. The upper and lower lines are based on the maximum possible distance from the zigzag line. Thus, the indicator builds support and resistance lines for the current trend (trend direction is determined by the indicator ZigZag). Indicator Features Setting the Zigzag options (parameters ExtDepth, ExtDeviation, ExtBackstep). Displaying Fibonacci levels for the last leg of the zigzag (group parameters Fibona
Promptly receive all the necessary information for the selected symbol and an open trade: The current timeframe The current symbolThe current price Price change in percentage as compared to the previous candlestick close price on the current timeframe An indicator for monitoring the spread The value of one point (default is 0.1, can be changed in the settings) The opening price of the trade The direction and volume of the open trade Current Profit/LossAll the data displayed in the Mark
This indicator is based on the classical indicator CCI (Commodity Channel Index) and will be helpful for those who love and know how to use not a visual but digital representation of the indicator. All TimeFrames CCI MT5 indicator shows values from each timeframe. You will be able to change the main input parameters for each CCI for every TF. Example for M1: sTF1_____ = "M1";Period1 = 13;Price1 = PRICE_CLOSE.
This indicator is based on the classical STOCHASTIC indicator and will be helpful for those who love and know how to use not a visual, but digital representation of the indicator. All TimeFrames Stochastic MT4 indicator shows values from each timeframe (M1, M5, M15, M30, H1, H4, D1, W1 and MN1). You will be able to change the main input parameters for each Stochastic from every TF. Example for M1: sTF1_____ = M1 K_Period1 = 5 D_Period1 = 3 S_Period1 = 3 Method1 = MODE_EMA
This indicator is based on the classical indicator Parabolic SAR and will be helpful for those who love and know how to use not a visual, but digital representation of the indicator. All TimeFrames PSAR MT5 indicator shows values from each timeframe (M1, M5, M15, M30, H1, H4, D1, W1 and MN1). You will be able to change the main input parameters for each Stochastic from every TF. Example for M1: sTF1 = M1 pStep1 = 0.02 pMax1 = 0.2
The indicator is based on Thomas DeMark's concept of trend lines with some changes concerning the search for TD points. The indicator searches and displays TD lines found on older timeframes. In other words, you do not need to switch to an older timeframe to see what TD lines it has. The older the timeframe relative to the current one, the thicker the line. Similar to DeMark, the indicator has three breakout types. The filter can be configured by breakout types. TD line can be in one of the t
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This is an extended version of Heiken Ashi indicator with the ability to average (smooth) the values for the specified period of bars and select the applied price: considering "Open price" or not. The description is provided in the parameters. Three screenshots are displayed below: standard version (1 bar), 3 bars and 5 bars. МetaTrader 4 version: https://www.mql5.com/en/market/product/7326 Parameters Period to average - calculation period HAClose price mode - Close price calculation mode D
This is a simple and reliable indicator that can be used as an additional filter in your trading system. Also, you can create a new trading system based on the product. The indicator is capable of detecting the rise and fall of the market on the selected number of candles (adjustable parameter). Several indicators with different parameters can be applied to a single chart. COMMENT function has also been provided for more convenience allowing you to leave a comment at the line's end. Added new
The indicator shows a smooth price channel, potentially profitable and risky zones, as well as price dynamics relative to the interests of the market participants. This allows you to open positions at the best prices and "catch" trends avoiding inefficient and risky trades. Reasonable use of the product together with standard indicators allows you to sort out false signals and create profitable strategies that take into account other traders' behavior. Structure The indicator draws convergent
This indicator will plot divergence lines on the Awesome_Oscillator indicator and will give buy and sell signal by displaying arrows. It also has a built-in Show_alert, Play_Sound, Send_Email & Send_Notification function. Default parameters: Bullish Regular_Divergence is plotted in Blue lines & solid, Bullish Hidden_Divergence is plotted in Aqua lines & dotted, Bearish Regular_Divergence is plotted in Red lines & solid, Bearish Hidden_Divergence is plotted in Orange lines & dotted, & In
Trendsignal Indicator is based on some of the best strategy calculation. Trendsignal draws BUY/SELL arrows on the candles and also alerts for manual trading. Usage. The indicator can work on all pairs including commodities as well as on any timeframe. However, as it is basically a trend signal, a trend following strategy is used on higher timeframes (H1 or H4). Entry on closing of candle, on which a signal appears, lets the indicator follow the trend. Also, place take profit and stop loss. If
Kaufman Adaptive Moving Average (AMA) with an optional shift channel in points and signals of crossover. Standard MetaTrader 5 indicators do not provide filtering features. In addition to standard 7 calculation modes, one more at (Open + Close)/2 price has been added. Added selection of a smoothing method for a moving average used in the calculation of the efficiency rating (ER). Trend filter options: in points or by "deviation". Added an option for shifting the indicator to the left/right. You
An indicator based on the Adaptive Moving Average (АМА) for determining the current trend with the resistance and support levels depending on the current trend direction. After the current bar is closed values are not redrawn. The indicator can be used on any timeframe - simply choose appropriate settings before using it. Be especially careful when the price approaches the indicator levels it has moved far from it or when an arrow appears (indicating trend change) very far from the price, as wel
Knowledge of the strength and weakness of each currency is vital for every forex trader. Our currency strength indicator measures strength of eight major currencies (USD, EUR, GBP, CHF, JPY, CAD, AUD, NZD) by using Relative Strength Index indicator, also known as RSI. PipTick Currency Strength Indicator shows you in a simple and quick way, when a currency is oversold, overbought or in "normal area". In this way, you can simply identify, which currency is the strongest and which is the weakest.
Here is the product, which truly reveals all the computing and graphical capabilities of the MetaTrader terminal. The TrendNavigator indicator helps you take the most effective trading decisions, features stunning accuracy, unlimited graphical capabilities and highly developed notification service. 3D graphics 4 unique trend determining algorithms 5 types of notifications of trend change which appear as Buy and Sell signals Very high accuracy Shows local lows and highs Free notification
This indicator is based on the classical indicator RSI (Relative Strangth Index) and will be helpful for those who love and know how to use not a visual but digital representation of the indicator. All TimeFrames RSI MT5 indicator shows values from each timeframe. You will be able to change the main input parameters for each RSI for every TF. Example for M1: sTF1_____ - label (string) of M1 TF. Period1 - number of bars used for the indicator calculations. Price1 - price used. Can be
This indicator shows the "candle-of-band". The "Candle-of-band" is a candle that does not touch the Moving Average. When you see the blue up arrow, a buy signal is formed. The appearance of a red down arrow indicates a potential sale. Keep in mind that the signal is formed only on the closed candle, but the arrow can be drawn on the current candle as well. If the signal is formed, and the candle is a "hammer" or "hanging man", it may indicate the roll-back from the level. Recommended timefra
Method of trading and technical analysis using an analyst indicator In any market, whether it is stocks, minerals (metals, raw materials) or currency pairs, we see a trade window with quotes (price) and trading time. The most important thing for us is to learn to analyze the market and find the entry points, observing all the trading rules, as well as to calculate trade exit points (profit) using only these data: price and time. The Analyst indicator includes only the price and time data. Doin
The indicator detects potential entries during trend corrections. It is powered by oscillators and reflects the concept of the Wave principle. When you see the blue up arrow, a buy signal is formed. The appearance of a red down arrow indicates a potential sell point. Keep in mind that when an arrow appears, it is assumed that the entry is to be performed on the current candle (the indicator is not redrawn). It is reasonable to put a stop level a few points above/below the arrow (after the can
Moving average (MA): this indicator is one of the most popular in trading in various markets. You can find plenty of articles concerning this indicator on the Internet. So there is no point in providing its full description. However, it is to be noted that there are several price averaging methods which eventually resulted in occurrence of numerous types of moving average. The MAStopTrailMT5 indicator is also a MA variation, but it has some advantages in contradistinction to the abovementioned
This is a professional version of our PipTick Currency Strength Indicator. Knowledge of the strength and weakness of each currency is vital for every forex trader. Our currency strength indicator measures strength of eight major currencies (USD, EUR, GBP, CHF, JPY, CAD, AUD, NZD) by using several popular indicators. PipTick CSI PRO shows you in a simple and quick way whether the currency is strong or weak. Furthermore, you can also see when the currency is oversold, overbought or in "normal area
We offer Stochastic indicator (oscillator) with signal line filtration by means of the Adaptive Moving Average (АМА). We have also added a function of multicolor signal line display of increase and decrease by means of lines or dots at the discretion. Moreover, you can highlight signal line values located below the specified minimum level or above the specified maximum level. Parameters: PeriodK - period K of Stochastic oscillator Slowing - period of Stochastic oscillator slowing PriceF
Gann Angles indicator calculates and displays Gann support and resistance angular lines. Monthly, weekly and daily lines are displayed. Gann lines are provided in the terminal, however their manual construction takes time, and the line angle depends on the current timeframe. Gann Angles indicator has no such drawbacks - it does not depend on a timeframe and can automatically calculate and display Gann angular lines. William Gann is an American trader who developed the technical analysis tools
We offer CCI indicator (oscillator) with additional filtration by means of the Adaptive Moving Average (АМА). We have also added a function of multicolor line display of increase and decrease by means of lines or dots at the discretion, moreover, you can also highlight line values located below the specified minimum level or above the specified maximum level. Parameters: PeriodCCI - period K of CCI oscillator PriceCCI - CCI oscillator used price mode MaximumLevel - maximum level value Mi
This is a classic version of error-correcting exponential moving average implementation which is used in DEMA and TEMA indicators. As said in its name, the error correction depth is increased to 33. The indicator is optimized. It takes minimum resources. It is quite fast in view of calculation volume. It can overlay other indicators. As well as regular moving averages, nEma_33 is non-redrawable (except for the zero bar). History is required > Period*33*33. According to the formula for the peri
PipTick Currency Barometer is one of our most favorite indicators. It measures the strength of two currencies represented in the pair and compares the difference between them. The result is shown as a histogram where you can simply identify which currency is the strongest. This indicator is designed to measure the strengths and weaknesses of eight major currencies (USD, EUR, GBP, CHF, CAD, JPY, AUD and NZD) and works on 28 currency pairs. The PipTick Currency Barometer uses CCI method (Commodity
HiLo Activator v1.02 by xCalper The HiLo Activator is similar to moving average of previous highs and lows. It is a trend-following indicator used to display market’s direction of movement. The indicator is responsible for entry signals and also helps determine stop-loss levels. The HiLo Activator was first introduced by Robert Krausz in the Feb. 1998 issue of Stocks & Commodities Magazine.
PipTick VSA is based on the original Volume Spread Analysis method. It was designed for quick and easy recognition of VSA patterns. Even though this indicator looks very simple, it is the most sophisticated tool that we've ever made. PipTick VSA indicator is a really powerful analytical tool that generates very reliable trading signals. Because it is very user friendly and understandable, it is suitable for every type of trader, regardless of his experience. What is VSA? VSA - Volume Spread An
This indicator is based on the classical indicators: RSI (Relative Strangth Index) and CCI (Commodity Channel Index) and will be helpful for those who love and know how to use not a visual but digital representation of the indicators. The indicator shows values from each timeframe. You will be able to change the main input parameters for each RSI and CCI for every TF. Parameters OverboughtLevel_R = 70; OversoldLevel_R = 30; OverboughtLevel_C = 100; OversoldLevel_C = -100;Example
This indicator shows Yellow, Aqua and Magenta arrows (as dots) as Support and Resistance from 3 higher TimeFrames (TF) which you can change to any legitimate timeframes using input parameters: TF1, TF2 and TF3. When more then 1 TF gives Support or Resistance dots in the same place the higher TF is taken over. So, in case of Magenta dots shows that means this is a good time to enter a new position.
This indicator is designed for M1 time frame and shows 2 lines: Sum of Points when the price goes up divided on Sum of Ticks when the price goes up (Aqua color). Sum of Points when the price goes down divided on Sum of Ticks when the price goes down (Orange color).You will see all major data as a comment in the left upper corner of the chart. Keep in mind that Sum of Points will be greater or equal to Sum of Ticks. Of course, the ATT is calculating all ticks forward only, beginning from th
The KVM Ultimate MA is a Multiple Time Frame (PRO version only) Moving Average indicator that provides a large number of different types of moving averages, price calculations and shift methods! It uses different colors to indicate the direction of the line or to fire an alert on color change as this could be an important signal on the chart! It is optimized for speed, easy use and configurability! Inputs: Smoothing Method - Lets you choose the type of the moving average (default: EMA) Smo
Fibolopes (name converted from Envelopes) Indicator is based on the Fibonacci sequence. The input parameter FiboNumPeriod is responsible for the number in the integer sequence (0, 1, 1, 2, 3, 5, 8 13, 34, 55, 89...) Bands will shown on 500 bars starting from the current bar. This indicator is calculating a ZigZag (Aqua line) which in combination with Fibolopes forms a system signals for opening (Z crossing Fibolopes) a new position and closing (Z crossing Fibolopes in opposite direction) an e
This indicator shows an Up trend (Green square) if a fast MA is above slow MA and Down trend (Red square) if a fast MA is below a slow MA from all Time Frame for each currency pairs. Input parameters From Symb1 to Symb9 — You may change any of these Symbols to any legal currency pair existed on your platform. Period_Fast=5 — Averaging period for the first MA1. Method_Fast=MODE_EMA — Smoothing type for MA1. Price_Fast=PRICE_CLOSE — The price used for MA1. Period_Slow=21 — Averag
MicroTrendChecker signal indicator tracks symbol price movements on the terminal chart. While there is no trend, it returns Ask levels by points value up and Bid levels by points value down. Input Parameters MaxSpread – maximum spread (it is recommended to set the parameter above the average symbol spread). The parameter is necessary for filtering spread widening during news releases. *wits – first indicator parameter (positive integer value of 1 or higher); *body – second indicator parame
The IzaCorr indicator (for Correlation) has been developed as traders assistant. It is common knowledge that every currency has its allies and at least one opponent. If you place charts of allies on the trading currency chart, you will get a real complex image of the market situation. If you place an inversed opponent currency chart on the trading currency chart, you could compare and assess current potential weakness/strength and divergence of one of currencies on the chart. The IzaCorr indica
This indicator shows data from 9 currency pairs by your choice for all 9 Time Frames. If a digital value of the RSI is less or equal to DnLevel = 30 (or whatever number you decided to put) then a Green square will appear. This is potentially an oversold condition and maybe a good time to go Long. If a digital value of the RSI is greater or equal to UpLevel = 70 (or whatever number you decided to put) then a Red square will appear. This is potentially an overbought condition and maybe a good ti
This indicator shows an Up trend (Green square) if a parabolic SAR value is below the current price, and Down trend (Red square) if a parabolic SAR value is above the current price from all Time Frame for each currency pairs. Input parameters from Symb1 to Symb9 — You may change any of these Symbols to any legal currency pair existed on your platform. step=0.0; — Represents the acceleration factor for PSAR indicator. maximum=0.2; — Maximum value for the acceleration factor for PSAR i
This indicator shows Commodity Channel Index (CCI) data from 9 currency pairs by your choice for all 9 Time Frames. If a digital value of the CCI is less or equal to DnLevel = -100 (or whatever number you decided to put) then a Green square will appear. This is potentially an oversold condition and maybe a good time to go Long. If a digital value of the CCI is greater or equal to UpLevel = 100 (or whatever number you decided to put) then a Red square will appear. This is potentially an overbou
This indicator shows bands (flexible corridor) for a current price movement and the change of trend. The indicator can be used on any time frames and currency pairs. The following input parameters can be easily changed for your needs: nPeriod = 13; - number of bars which the indicator will use for calculation Deviation = 1.618; - coefficient for bands distance from the middle line MaShift = 0; - shift from current bar
This is a linear indicator of a currency power having the ability to filter by smoothing values. It shows the current power of selected currencies (the maximum number is 8), as well as historical values. The product is based on CPM Extended MT5. Calculation depends on the selected chart timeframe the indicator is launched at. iPeriod - number of bars used to analyze currency power. HistoryBars - number of calculated bars on history. The parameter affects execution time during the first launc
Fibonacci sequence is defined by integer sequence: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, ... By definition, it starts from 0 and 1, the next number is calculated as a sum of two previous numbers. Instead of the standard moving average, the indicator uses the following calculation of average price: Bar0 + Bar1 + Bar2 + Bar3 + Bar5 + Bar8 + Bar13 + Bar21 + ... This indicator shows 2 moving Fibonacci lines and arrows when 2 these lines crossing each other. If an Aqua line is crossing a
This is a simple, easy to use and effective indicator. The strategy is suitable for everyone, even for beginners. The input parameters are optimized for H1. The vertical line marks the place of the buy or sell signal. Information on the Chart BUY / SELL – input to Buy/Sell TAKE PROFIT 1 – basic earnings TAKE PROFIT 2 – average profit TAKE PROFIT 3 – big profit STOP LOSS – setting stop loss level SteelBlue line and text – resistance line Red line and text – support line
Herrick Payoff Index (HPI) confirms strong trends and helps to determine a moment when they change their direction, it also tracks prices, volume of trades and open interest (current liabilities), combining them into one parameter. In MetaTrader 5, Herick Index can be displayed as a histogram or a linear chart for all trading instruments for which open interest is transmitted. Current liabilities or open interest represents the total volume of effective contracts (futures, options) for which th
DeMarker (DeM) indicator is another member of the Oscillator family of technical indicators. Traders use the index to determine overbought and oversold conditions, assess risk levels, and time when price exhaustion is imminent. This indicator shows DeMarker data from 9 currency pairs of your choice for all 9 timeframes. If a digital value of DeM is less or equal to DnLevel = 0.3 (or whatever number you decided to put), Green square appears. This is potentially an oversold condition and may be
This indicator is based on the classical indicators: RSI (Relative Strength Index), CCI (Commodity Channel Index) and Stochastic. It will be helpful for those who love and know how to use the digital representation of the indicators. The indicator shows values from each timeframe (M1, M5, M15, M30, H1, H4, D1, W1 and MN1). You will be able to change the main input parameters for each RSI, CCI and Stochastic for every timeframe. Parameters OverboughtLevel_R = 70 - RSI UpLevel OversoldLe
This indicator works on every currency pairs and time frames (TF). One input parameter: nPeriod - number of bars for histogram calculation. I recommend to optimize nPeriod value for each TF. If Green histogram poles are crossing the zero line from below then Long position may be opened. If Red histogram poles are crossing the zero line from above then Long position may be opened.
This indicator is designed for H1 and H4 timeframes (TF) only. No input parameters because it is tuned to these two TF. It draws two step-like lines: a main Silver line and a signal Red line. These two lines are calculated so that to enhance the filtration of the market noise. Buy when the main line goes above the signal line. Sell when the main line goes below the signal line.
The Buy Volume indicator displays a total volume of buy orders at the moment. MetaTrader 5 displays the volume of buy orders in the Details tab of the Market Watch window. But it is not available in the form of indicator. This product allows to display the volume of buy orders as bars, candles, a histogram or a line for all trading instruments it is transmitted for in MetaTrader 5 (for example, futures). Advantages Easy to use: no complicated parameters for adjustment; Color, indicator'
The Sell Volume indicator displays a total volume of sell orders. MetaTrader 5 displays the volume of sell orders in the Details tab of the Market Watch window. But it is not available in the form of indicator. This product allows to display the volume of sell orders as bars, candles, a histogram or a line for all trading instruments it is transmitted for in MetaTrader 5. Advantages Easy to use: no complicated parameters for adjustment. Color, indicator's levels, a vertical scale are ad
This indicator of futures volumes (Buy vs Sell Volume, BSV) shows volume of buy and sell orders and difference between them. You can set signal levels for each type of volume which allows to determine the best moments for trades. Advantages The indicator can be displayed as a histogram of linear charts for all trading instruments for which volume of buy and sell orders is transmitted (for example, futures). MetaTrader 5 displays the volume of buy and sell orders in the Details tab of the M
MAAngle indicator for MetaTrader 5 (Moving Average Angle Indicator). MQL5 Native code, widely tested in different currency pairs and timeframes. Based on the angle calculation between a Moving Average and it's equivalent (X periods shifted). Main characteristics: Fast response in trend changes. Works fine in all timeframes. Easy to read due to it's colors code.Main Applications: Filter in scalping strategies. Avoid wrong signals by using this indicator. Early notice for Trend changes.
Pivot Points MT5 is a universal color multicurrency/multisymbol indicator of the Pivot Points levels systems. You can select one of its three versions: Standard Old, Standard New and Fibo. It plots pivot levels for financial instruments in a separate window. The system will automatically calculate the Pivot Point on the basis of market data for the previous day (PERIOD_D1) and the system of support and resistance levels, three in each. A user can choose colors for the indicator lines. The onl
The indicator shows the relative "strength explosion" of a selected currency. An additional "limiting" channel is used for filtering the indicator values. VolatilityPeriod - period to analyze currency volatility, MainPrice - price used for calculation main values of the indicator, FastPeriod - fast period for calculation, FastMethod - method of smoothing of the fast line, SlowPeriod - slow period for calculation, SlowMethod - method of smoothing of the slow line, SmoothingPeriod - resul
Standard moving average uses too simple calculation algorithm and cannot sufficiently smooth market noises. So at the end of studies we have developed more complicated and modern algorithm which also allows to use 26 different types of smoothing, which can be combined, and two additional coefficients inside this new formula. A straight line is drawn as dots different colors of which indicate rising and falling. You can also enable a regular display of the straight continuous line and arrows (up/
The Nash Equilibrium MT5 draws the channel as a Trend and as Envelopes or Bands. You may use these white lines as levels for overbought and oversold conditions. Inside Bands, this indicator draws dot white line as a median line between the two bands and Aqua or Orange line and you may use this change of colors as moment to enter the market. Parameters nPeriod = 13 - number of Bars for indicator's calculation. nBars = 500 - number of Bars where the indicator is to be shown.Attention Thi
This indicator provides the analysis of tick volume deltas. It calculates tick volumes for buys and sells separately, and their delta on every bar, and displays volumes by price clusters (cells) within a specified bar (usually the latest one). This is a limited substitution of market delta analysis based on real volumes, which are not available on Forex. The indicator displays the following data in its sub-window: light-blue histogram - buy (long) volumes; orange histogram - sell (shor
Usage The Spread Record Standart indicator displays spread for each price bar as a bar graph. It uses five variables as spread values: Spread level at the bar opening; Maximum spread level reached during the bar; Minimum spread level reached during the bar; Spread level at the bar closing; Average spread level within the bar (displayed as a green dot on the corresponding level of the bar)Apart from displaying price bars, SpreadRecord also provides a small built-in panel showing the curre
This indicator is designed for automated drawing of Andrews Pitchfork. The Andrews Pitchfork tool is usually drawn according to three main prices of a chart. The method of finding abovementioned prices was developed on the basis of a thorough study and drawing dozens of Andrews Pitchforks. What we offer in this indicator represents a result of our conducted work. This indicator has particular settings and when you change them, the Pitchfork drawing principle stays the same. And changed data will
The indicator MilkyWay is calculating and draws a blue or red ribbon as a trend and as a filter. In case the price is moving inside the ribbon you should not enter the market. In case you see a blue trend and the current price is above the blue ribbon than this is a good time to go Long. In case you see a red trend and the current price is below the red ribbon than this is a good time to go Short. Only 1 input parameter: nBars = 500; - number of Bars where the ribbon will appears.
This is an advanced version of the Average Directional Movement Index (ADX) indicator. Calculation period and method of smoothing movement direction lines DI+ and DI- are separate parameters now. When DI+ and DI- lines are crossed, arrows appear. You can filter them out by minimum and maximum value of the indicator at the moment of crossing. There are 26 types of smoothing (all types are listed here) including 4 standard types. Parameters: PeriodDi - period of calculation (smoothing) DI+ and
This is a set of 5 indicators (oscillators) with the possibility of smoothing (26 modes to choose from) and displaying the growth and decrease of values in different colors. OscMode - select the initial indicator/oscillator from the five ones: CCI, DeMarker, RSI, MFI and WPR,PeriodOsc - initial indicator calculation period,PriceOsc - calculation price (this parameter is relevant only to CCI and RSI in the initial version),PeriodSm - smoothing period,ModeSm - smoothing mode (find out the full li
This indicator is based on the classical indicator RSI (Relative Strength Index) and will be helpful for those who love and know how to use not a visual but digital representation of the indicator. All MT5 TimeFrames RSI indicator shows values from each time frames: M1, M2, M3, M4, M5, M6, M10, M12, M15, M20, M30, H1, H2, H3, H4, H6, H8, H12, D1, W1, AND MN1.You will be able to change the main input parameters for each RSI for every TF. Example for M1 sTF1___ = "M1"; Period1 = 13;
Are you looking for a high-quality pivot points indicator? The PZ Pivot Points indicator is for you! It plots historical levels for backtesting purposes, not only the current day It allows you to select the reference timeframe It implements customizable colors and sizes What are Pivot Points? A pivot point analysis is often used in conjunction with calculating support and resistance levels, similar to a trend line analysis. In a pivot point analysis, the first support and resistance level