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The idea of a Value Chart indicator was presented in the very good book I read back in 2020 , " Dynamic Trading Indicators: Winning with Value Charts and Price Action Profile ", from the authors Mark Helweg and David Stendahl. The idea is simple and the result is pure genius: Present candlestick Price analysis in a detrended way! HOW TO READ THIS INDICATOR Look for Overbought and Oversold levels. Of course, you will need to test the settings a lot to find the "correct" one for your approach. It

Overview FiT Panel Pro is a professional-grade trade management panel designed for MetaTrader 5 traders who demand speed, precision, and full control over their trades. Built with a modern dark-theme UI, it combines one-click execution with advanced risk management, visual SL/TP drag lines, automatic Fibonacci-based levels, and comprehensive order management — all in a single, compact panel. Whether you are a scalper, day trader, or swing trader, FiT Panel Pro gives you the edge you need to exec

Core Purpose ​ A permanent crosshair indicator designed exclusively for MetaTrader 5 (MT5). It addresses key limitations of MT5's default crosshair, including the need for manual activation, automatic disappearance on click, and solid lines obscuring price bars. This indicator optimizes chart analysis by delivering a smooth, professional-grade crosshair experience on MT5. ​ Key Features ​ Automatic activation: Enabled immediately after loading, replacing the default Ctrl+F function. The crossha

Enhanced Volume Profile: The Ultimate Order Flow & Liquidity Analysis Tool Overview Enhanced Volume Profile is an indicator for MetaTrader 5 that displays the traded volume at specific price levels over a defined period. It separates the total volume into buy and sell components, presenting them as a side-by-side histogram on the chart. This allows users to observe the volume distribution and the proportion of buy and sell volumes at each price level. Graphics Rendering The indicator uses the

Crimson EA emerges as a force to be reckoned with on the USDJPY M15 chart, embodying the perfect fusion of 50 meticulously crafted strategies that span across trend analysis, hedging, and scalping disciplines. This powerhouse operates beyond the confines of conventional stop-loss and take-profit mechanisms, relying instead on precise entry and exit signals generated from its strategic arsenal. Coupled with an advanced reversal function, Crimson EA offers a protective shield to safeguard invest

Friend of the Trend: Your Trend Tracker Master the market with Friend of the Trend , the indicator that simplifies trend analysis and helps you identify the best moments to buy, sell, or wait. With an intuitive and visually striking design, Friend of the Trend analyzes price movements and delivers signals through a colorful histogram: Green Bars : Signal an uptrend, indicating buying opportunities. Red Bars : Alert to a downtrend, suggesting potential selling points. Orange Bars : Represent cons

General Description This indicator is an enhanced version of the classic Donchian Channel , upgraded with practical trading functions. In addition to the standard three lines (high, low, and middle), the system detects breakouts and displays them visually with arrows on the chart, showing only the line opposite to the current trend direction for a cleaner view. The indicator includes: Visual signals : colored arrows on breakout Automatic notifications : popup, push, and email RSI filter : to val

Drawdown Shield — Free Prop Firm Drawdown Protector & Risk Manager for MT5 Free Prop Firm Drawdown Protector | FTMO Compliant | No DLL Required | NFP Safe Failed a prop firm challenge because of a drawdown breach? You're not alone. Over 70% of traders fail due to risk management — not strategy.   Drawdown Shield   gives you the essential Drawdown Protector to pass your FTMO challenge, completely free. Brought to you by the PropGuard Pro team. What You Get in This FREE Version Feature Stat

This information indicator will be useful for those who always want to be aware of the current situation on the account. VERSION MT 4 - More useful indicators The indicator displays data such as profit in points, percentage and currency, as well as the spread for the current pair and the time until the bar closes on the current timeframe. There are several options for placing the information line on the chart: - To the right of the price (runs behind the price); - As a comment (in the upper lef

Note from Developer: This is the lite version of the Double TMA with Bands Indicator. You can find the paid version that comes with alerts and on screen signal arrows built in here . I will also be selling an EA based on this trading system soon once all backtesting and optimization have been completed. Unlock your trading potential with the Double TMA Indicator with Reversal Detection! Designed for swing and reversal trading, this versatile tool integrates two Triangular Moving Averages (

Statistical Arbitrage Spread Generator for Cointegration [MT5] What is Pair Trading? Pair trading is a market-neutral strategy that looks to exploit the relative price movement between two correlated assets — instead of betting on the direction of the market. The idea? When two assets that usually move together diverge beyond a statistically significant threshold, one is likely mispriced. You sell the expensive one, buy the cheap one , and profit when they converge again. It’s a statistica

Account Info EA It is a tool that presents on the graph all the positions of the account, and specific information concerning the positions, but also the account. It enables the user to have an image of his account at a glance. Use like any expert advisor. You can't attach it in the same chart with other expert advisor. It does not have the ability to open or manage positions. You can attach it on any chart and any timeframe.

Spread Times Histogram and Stats is a spread monitoring indicator for MetaTrader 5. It plots a real-time color-coded histogram of broker spread, tracks a rolling 24-hour average, and fires smart alerts when spread exceeds a configurable dynamic threshold. Key Features - Color-coded histogram: green when spread tightens, red when it widens - Rolling 24-hour average line for ongoing context - Session statistics: minimum, maximum, and average spread for the current session - Smart alert system: f

STAMINA HUD – Advanced Market & Trend Dashboard (MT5) STAMINA HUD   is a professional   market information panel   designed for traders who want   clarity, speed, and control   directly on the chart. It provides a   clean heads-up display (HUD)   with essential market data and   multi-timeframe trend direction , without cluttering the chart or generating trading signals. What STAMINA HUD Shows   Current Price   Spread (in real pips)   Today High–Low range (pips)   Average D

SIMPLE AND QUICK CHART CLEANUP SCRIPT - FREE FOR ALL - EASY TO DRAG AND DROP ONTO THE CHART - A MUST HAVE IN MY EYES Everybody loves to draw on a chart! But cleaning is nobodies favor. Most of the time it will be faster to dump all and redraw the important part. Repetition makes you good! ALWAYS think about that! KEEP IT GROWING, ;-) I wish you a good day, Traders! If you need something, send me a message. Best wishes to you from Vienna!

FuzzyTrendEA - Intelligent Expert Advisor Based on Fuzzy Logic We present to you FuzzyTrendEA - a professional trading Expert Advisor designed for market trend analysis using fuzzy logic algorithms. This expert combines three classic indicators (ADX, RSI, and MACD) into a single intelligent system capable of adapting to changing market conditions. Key Features: Fuzzy logic for trend strength assessment: weak, medium, strong Combined analysis using three indicators with weighted coefficients Full

MaxDD Monitor Pro is a professional real-time drawdown monitor for MetaTrader 5, built specifically for prop firm traders, funded account challenges, and anyone who needs precise risk tracking on live accounts. Built for Prop Firms Prop firm challenges have strict rules: daily drawdown limits, maximum drawdown limits, and a fixed starting capital. MaxDD Monitor Pro is designed around exactly that. Set your challenge start date and fixed capital — the indicator locks that base and never updates

CapGuard Risk Manager  Are you tired of giving your weekly profits back to the market in a single day? Have you ever failed a Funded Account challenge because you let your emotions take over? Meet CapGuard Risk Manager  — your personal, emotionless risk management assistant. This professional-grade utility sits quietly on your chart, continuously monitoring your equity and open trades. Designed specifically for Prop Firm traders, EA portfolio managers, and manual traders, it acts as a bulletpro

[FREE EA] EA34 TANIN FORCE: MACD & STOCH ENGINE (Prop Firm Ready) Are you tired of market noise and false breakouts? Meet EA34 Tanin Force, a commercial-grade Expert Advisor designed specifically for the EURUSD on the M15 timeframe. This system combines the raw trend-following power of MACD with the precision timing of the Stochastic Oscillator. PERFORMANCE HIGHLIGHTS (6-Year Stress Test 2020 - 2026): * Symbol & Timeframe: EURUSD | M15 * Set & Forget: Hard Stop Loss and Take Profit. No

Introduction Welcome to the world of Forex trading, where every tick of the market can be influenced by news events. Introducing our expert advisor for MetaTrader, your ultimate tool for navigating the complexities of news trading. This innovative advisor is specifically designed to automate your trading strategy during key macroeconomic releases, ensuring you never miss an opportunity.  When important indicators are announced, volatility often spikes, creating potential for profit. Our expert

Premium trend entry pro TZ Trade Logics, presents you,  the enhance version of Premium trend entry  This release, bring you much more relaxed trading state with advanced features for trend filtering and premium signal entry timings. For us, is not the creating of the product which matters! but continued maintenance and education to users. through our dedicated means of reaching to us, you will enjoy close guide on how to use the product and other relevant training related to trading.  This tradi

EdgeZone EA Inspector - FREE Edition Monte Carlo Analysis Tool for Trading Strategies Important: This is an analysis tool, not a trading robot. It does not execute trades but analyzes strategy data through statistical simulations. The Problem Many Expert Advisors show impressive backtest results but fail in live trading. The most common reason: over-optimization - the strategy was adjusted until it looks perfect for past data, but doesn't work for the future. The Solution: EdgeZone EA Inspector

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

The original author is David Weis, an expert in the Wyckoff Method. The Weis Wave is a modern adaptation of the 1930's Wyckoff Method, another expert in Tape Reading techniques and Chart Analysis. Weis Waves takes market volume and stacks it into waves according to price conditions giving the trader valuable insights about the market conditions. If you want to learn more about this subject you can find tons of videos in YouTube. Just look for "The Wickoff Method", "Weis Wave" and "Volume Spread

This is the Phoenix Institutional SMC Dashboard (Emerald-Teal Edition). It is engineered to provide retail traders with the same "Volume-at-Price" clarity used by institutional desks. Below is a full breakdown of the benefits, the high-confluence logic for entries, and how to manage your trades using the current visual engine. Strategic Benefits to the User Sentiment over Price: Most indicators only look at where the price is. This dashboard tells you how much effort (Volume Delta) was required

Idea I programmed this tool out of the necessity to be constantly informed about what is going on. Before I sometimes forgot to set a stopp loss, this is impossible with this tool. Further this tool allows you to make distributed entries, eg. with a first feeler with 0.1 contracts and when the direction is the right one you just put more contacts into the game. Money- and risk management is built in. If you use more then the predetermined number of contracts there is a warning. You are constantl

The Penta-O is a 6-point retracement harmonacci pattern which usually precedes big market movements. Penta-O patterns can expand and repaint quite a bit. To make things easier this indicator implements a twist: it waits for a donchian breakout in the right direction before signaling the trade. The end result is an otherwise repainting indicator with a very reliable trading signal. The donchian breakout period is entered as an input. [ Installation Guide | Update Guide | Troubleshooting | FAQ | A

Professional Trading Dashboard A professional account monitoring panel for MetaTrader 5 that consolidates real-time account data, daily trade history, and monthly statistics into a single on-chart display. Professional Trading Dashboard is a utility indicator for MetaTrader 5 designed to give traders a clear, structured view of their account at all times. Instead of navigating between multiple terminal windows, all essential information is presented in one organized canvas panel directly on the

Market Profile 3 MetaTrader 5 indicator  version 4.70— is a classic Market Profile implementation that can show the price density over time, outlining the most important price levels, value area, and control value of a given trading session. This indicator can be attached to timeframes between M1 and D1 and will show the Market Profile for daily, weekly, monthly, or even intraday sessions. Lower timeframes offer higher precision. Higher timeframes are recommended for better visibility. It is als

Morning Range Breakout (Free Version) Morning Range Breakout (Free Version) is a straightforward trading advisor that implements a breakout strategy based on the morning range. It identifies the high and low within a specified time interval (e.g., 08:00–10:00 UTC) and opens a trade on a breakout upward or downward. The free version includes core functionality without restrictions. All parameters and messages are in English, per MQL5 Market requirements. Key Features Detects morning range based

It helps to calculate the risk per trade, the easy installation of a new order, order management with partial closing functions, trailing stop of 7 types and other useful functions. Additional materials and instructions Installation instructions - Application instructions - Trial version of the application for a demo account Line function -   shows on the chart the Opening line, Stop Loss, Take Profit. With this function it is easy to set a new order and see its additional characteristics bef

Welcome to Trade Manager MT5 - the ultimate risk management tool designed to make trading more intuitive, precise, and efficient. This is not just an order placement tool; it's a comprehensive solution for seamless trade planning, position management, and enhanced control over risk. Whether you're a beginner taking your first steps, an advanced trader, or a scalper needing rapid executions, Trade Manager MT5 adapts to your needs, offering flexibility across all markets, from forex and indices t

Experience exceptionally fast trade copying with the   Local Trade Copier EA MT5 . With its easy 1-minute setup, this trade copier allows you to copy trades between multiple MetaTrader terminals on the same Windows computer or Windows VPS with lightning-fast copying speeds of under 0.5 seconds. Whether you're a beginner or a professional trader, the   Local Trade Copier EA MT5   offers a wide range of options to customize it to your specific needs. It's the ultimate solution for anyone looking t

Trade Panel is a multi-functional trading assistant. The app contains over 50 trading functions for manual trading and allows you to automate most trading tasks. Before making a purchase, you can test the demo version on a demo account. Download the trial version of the application for a demonstration account: https://www.mql5.com/en/blogs/post/750865 . Full instructions here . Trade. Allows you to perform trading operations in one click: Open pending orders and positions with automatic risk cal

Beta Release The Telegram to MT5 Signal Trader is nearly at the official alpha release. Some features are still under development and you may encounter minor bugs. If you experience issues, please report them, your feedback helps improve the software for everyone. Telegram to MT5 Signal Trader is a powerful tool that automatically copies trading signals from Telegram channels or groups directly to your MetaTrader 5 account. It supports both public and private Telegram channels, and you can conn

Farmed Hedge Yield Farming | All Markets (Manual - Hybrid - Semi/Automated EA) MULTI-ASSET SUPPORT Trade any asset available on your broker - Forex: Major, Minor, Exotic pairs - Crypto: BTC, ETH, XRP, SOL, BNB - Stocks: Apple, Tesla, Amazon, Google, etc. - Commodities: Gold, Silver, Oil, Gas - Indices: US30, NAS100, SPX500, DAX40 - Any CFD your broker offers VERIFIED TRADING RESULTS - Farmed Hedge Yield Axi Copy:  https://www.mql5.com/en/signals/2356376 - Farmed Hedge Yield Exn Copy:   https:/

Power Candles Strategy Scanner - Self-Optimizing Multi-Symbol Setup Finder Power Candles Strategy Scanner runs the same self-optimizing engine that powers the Power Candles indicator - on every symbol in your Market Watch, side by side. One panel tells you which symbols are statistically tradable right now, which strategy wins on each, the optimal Stop Loss / Take Profit pair, and pings you the moment a fresh signal fires. This tool is part of the Stein Investments ecosystem - 18+ tools plus Max

Professional Trade Copier for MetaTrader 5 Fast, professional, and reliable trade copier for MetaTrader . COPYLOT allows you to copy Forex trades between MT4 and MT5 terminals with support for Hedge and Netting accounts. COPYLOT MT5 version supports: - MT5 Hedge to MT5 Hedge - MT5 Hedge to MT5 Netting - MT5 Netting to MT5 Hedge - MT5 Netting to MT5 Netting - MT4 to MT5 Hedge - MT4 to MT5 Netting MT4 version Full Description +DEMO +PDF How To Buy How To Install How to get Log Files H

Trade Dashboard simplifies how you open, manage, and control your trades, with built-in lot size calculation. It allows you to execute trades, manage risk, and control positions directly on the chart, with tools such as partial close, breakeven, and trailing stop. Designed to reduce manual work and help you stay focused on your trading decisions. A demo version is available for testing. Detailed explanations of features are provided within the MQL5 platform. Installation instructions are include

Trade Copier is a professional utility designed to copy and synchronize trades between trading accounts. Copying occurs from the account / terminal of the supplier to the account / terminal of the recipient, which are installed on the same computer or VPS . PROMOTION - If you have already purchased the "Trade Copier MT5," you can receive the "Trade Copier MT4" for free (for copying MT4 > MT5 and MT4 < MT5). For more detailed information about the conditions, please contact us via private message

Attention: You can view the program operation in the free version  YuClusters DEMO .  YuClusters is a professional market analysis system. The trader has unique opportunities to analyze the flow of orders, trade volumes, price movements using various charts, profiles, indicators, and graphical objects. YuClusters operates on data based on Time&Sales or ticks information, depending on what is available in the quotes of a financial instrument. YuClusters allows you to build graphs by combining da

AXR Prop Guard AXR Prop Guard is an account-wide risk protection utility for MetaTrader 5. It is built for prop-firm traders, funded-account challenges, and serious private account protection. It is part of the AXR tool line. For updates and contact options, use the official MQL5 pages: AXR MQL5 Channel: product updates, release notes and new AXR tools Telegram: open the seller profile ; the Telegram contact is listed in the profile description. After purchase, please send me a private message t

Seconds Chart is a unique tool for creating second-based charts in MetaTrader 5 . With Seconds Chart , you can construct charts with timeframes set in seconds, providing unparalleled flexibility and precision in analysis that is unavailable with standard minute or hourly charts. For example, the S15 timeframe indicates a chart with candles lasting 15 seconds. You can use any indicators and Expert Advisors that support custom symbols. Working with them is just as convenient as on standard charts.

Premium Trade Manager - Fast, Disciplined Trade Management for MetaTrader 5 Premium Trade Manager is a fast on-chart panel for MetaTrader 5 that takes the mechanical work out of every trade. You decide direction, symbol and timing - the panel sizes the position to your risk, places the order with stop and target, scales out in partials, trails the stop and watches the economic calendar for you. Its built-in news intelligence goes one step further: it scores upcoming events by their real, measure

Before you buy an EA, check whether it really holds up or just got lucky in a backtest. Most robots are sold with a beautiful backtest. Rising equity curve. Good profit factor. Very few doubts. And yet, many of those EAs fall apart as soon as the market stops moving the way it did in that historical run. Why? Because a backtest only proves one thing: that the strategy worked on one specific price path. It does not prove it will hold up under different paths. It does not prove it is robust. And i

The product will copy all telegram signal to MT5 ( which you are member) , also it can work as remote copier.  Easy to set up, copy order instant, can work with almost signal formats, image signal,  s upport to translate other language to English Work with all type of channel or group, even channel have "Restrict Saving Content", work with  multi channel, multi MT5 Work as remote copier: with signal have ticket number, it will copy exactly via ticket number. Support to backtest signal. How to s

Anchor: The EA Manager Run your full EA portfolio without conflicts, without stacked risk, and without watching every chart yourself. Anchor coordinates up to 64 Expert Advisors on a single account so only one trades at a time. Attach Anchor to any chart. Type your EA names and magic numbers in one line. Anchor handles the rest. Built for portfolios. Built for discipline. Built for prop firms. The Problem Running multiple EAs on the same account creates risk. Two gold EAs can open opposite posit

The Ultimate TradingView to MT5 Bridge Automation Stop manual trading and latency issues. TradingView to MT5 Copier PRO is the fastest and most reliable bridge to execute your TradingView alerts directly on MetaTrader 5. This EA executes your trades instantly using High-Speed WebSocket technology . Installation instructions and Trial version  Key Features  Trade Copier  Ultra-Fast Execution: Uses WebSocket connectivity (faster than standard WebRequest) to minimize slippage.  Universal Broker

HINN MAGIC ENTRY – the ultimate tool for entry and position management! Place orders by selecting a level directly on the chart! full description   ::  demo-version  :: 60-sec-video-description Key features: - Market, limit, and pending orders - Automatic lot size calculation - Automatic spread and commission accounting - Unlimited partitial take-profits  - Breakeven and trailing stop-loss and take-profit  functions - Invalidation leves - Intuitive, adaptive, and customizable interface - Works

Copy Cat More Trade Copier MT5 is a local trade copier and a complete risk management and execution framework designed for today’s trading challenges. From prop firm challenges to personal portfolio management, it adapts to every situation with a blend of robust execution, capital protection, flexible configuration, and advanced trade handling. The copier works in both Master (sender) and Slave (receiver) modes, with real-time synchronization of market and pending orders, trade modifications, pa

Footprint Chart Pro — Professional OrderFlow EA for MetaTrader 5 Version 6.34 | Professional tool for real traders | Institutional-Grade Visualization DEMO USERS - PLEASE SELECT EVERY TICK / REAL TICK WHEN TESTING AND YOU HAVE DOWNLOADED HISTORICAL DATA. IF YOU SEE A WAITING SCREEN AND IT IS NOT DOWNLOADING, IT MEANS YOU HAVE LOW HISTORICAL DATA. TRY 1 MIN AND 5 MIN FIRST ON 1 DAY DATA. ONE DAY DATA SHOULD BE THE NEWEST AND MOST CURRENT DATE. PLEASE WAIT UNTIL THE MARKET HAS ROLLED OVER PERIOD.

MT5 to Telegram Signal Provider turns your trading account into a signal provider. Every trade action, whether manual, by EA or from your phone, is instantly sent as a message to Telegram. You can fully customize the format or use a ready-made template for quick setup. [ Demo ] [ Manual ] [ MT4 Version ] [ Discord Version ]     New: [ Telegram To MT5 ] Setup A step by step user guide is available. Key Features Ability to customize order details sent to subscribers You can create a tiered subs

Telegram to MT5: The Ultimate Signal Copying Solution Simplify your trading with Telegram to MT5, the modern tool that copies trading signals directly from Telegram channels and chats to your MetaTrader 5 platform, without the need for DLLs. This powerful solution ensures precise signal execution, extensive customization options, saves time, and boosts your efficiency. [ Instructions and DEMO ] [ FAQ ] [ How atach logs properly ] [ Settings descrition ] Key Features Direct Telegram API Integrati

This is exactly what the name says. Visual strategy builder . One of a kind. Turn your trading strategies and ideas into Expert Advisors without writing single line of code. Generate mql source code files with a few clicks and get your fully functional Expert Advisors, which are ready for live execution, strategy tester and cloud optimization. There are very few options for those who have no programming skills and can not create their trading solutions in the MQL language. Now, with Bots Builde

Timeless Charts is an all-in-one trading utility for professional traders. It combines custom chart types such as Seconds Charts and Renko with advanced order flow analysis using Footprints , Clusters , Volume Profiles , VWAP studies, and anchored analysis tools for deeper market insight. Trading and position management are handled directly from the chart through an integrated trade management panel , while Market Replay and Virtual Accounts provide environments for practicing trading skills and

Expert Advisor Risk Manager for MT5 is a very important and in my opinion necessary program for every trader. With this Expert Advisor, you will be able to control the risk in your trading account. Risk and profit control can be carried out both in monetary terms and in percentage terms. For the Expert Advisor to work, simply attach it to the currency pair chart and set the acceptable risk values ​​in the deposit currency or in % of the current balance. [Instruction for Risk Manager parameter

News filter, equity guard & session control for all your EAs — one tool, full protection Take a Break has evolved from a basic news filter into a comprehensive account protection solution . It pauses your other Expert Advisors during news events or based on custom filters. When trading resumes, it automatically restores your entire chart setup , including all EA settings. Why traders choose Take a Break One news filter for all your EAs — no more relying on individual built-in filters that may o

Stats Dashboard & Journal ULTRA for MT5   The Complete Trading Command Center: Analytics, Automation & News Intelligence. Installation instructions and Demo version   Stats Dashboard ULTRA is the ultimate evolution of the analytics tool. It transforms MetaTrader 5 into a professional trading station, combining institutional-grade performance analysis with automated news   protection and advanced psychological metrics. Designed for manual traders and EA portfolio managers who demand total con

DaneTrades Trade Manager is a professional trade panel for MetaTrader 5, designed for fast, accurate execution with built‑in risk control. Place market or pending orders directly from the chart while the panel automatically calculates position size from your chosen risk, helping you stay consistent and avoid emotional decision‑making. The Trade Manager is built for manual traders who want structure: clear risk/reward planning, automation for repeatable management, and safeguards that help reduc

Drawdown Limiter EA You are in the right place if you were searching for Drawdown control, Drawdown limiter, Balance protection, Equity Protection or Daily Drawdown Limit related to Prop Firm, FTMO, or Funded account trading, or if you want to protect your trading account. Have you suffered from controlling your drawdown when trading funded accounts? This EA is meant for you. Prop firms usually set a rule called “Trader Daily Drawdown”, and if it is not respected, you are disqualified.  I am an

The indicator based on Bollinger Bands parameters determines the bar's position and displays the value in the indicator window. When a bar closes below the lower Bollinger Bands line, the indicator value becomes negative. In such a case, one can expect an imminent market reversal and an upward movement. When a bar closes above the upper Bollinger Bands line, the indicator value becomes greater than 1. In such a case, one can expect an imminent market reversal and a downward movement. It is a

The custom Bollinger Bands Height indicator measures and displays the current state of the Bollinger Bands indicator, showing whether the bands are widening (moving away from each other) or narrowing (starting to converge). Contraction, indicated by the narrowing of the bands, suggests that the current market movement is losing momentum and hints at the potential start of a new strong movement. This can be a signal to look for an opportune moment to enter a position, as a sharp price change may

The indicator has only one parameter - the number of bars for analysis. The indicator calculates statistics for when the market was moving down, when it was moving up, and the number of bars for each movement. From this data, the average number of bars is calculated, which is displayed in the indicator window. If the indicator values sharply decrease, then the market is preparing for an upward movement. If the indicator values persist at high levels for an extended period, then the market is pre