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Matrix Indicator for MT5

Matrix Indicator is a simple but effective indicator.

Matrix indicator displays usual oscillators indicators in a user friendly color code indicator.

This makes it easy to identify when all indicators are aligned and spot high probability entries.

Inputs of indicator are:

  • Indicator: RSI, Stochastic, CCI, Bollinger Bands
  • AutoSetting: set default settings (Param1, Param2, Param3, ValueMin, ValueMax) for chosen indicator
  • Param1/Param2/Param3: usual settings for the indicator
  • ValueMin: Oversold level for oscillator
  • ValueMax: Overbought level for oscillator

The indicator can be used with any class of assets: Forex, Equities, Commodities, Futures.

Example of settings for the indicator:

  • Indicator=RSI
  • Param1=14
  • ValueMin=10
  • ValueMax=90
  • Indicator=Stochastic
  • Param1=5
  • Param2=3
  • Param3=3
  • ValueMin=20
  • ValueMax=80
  • Indicator=CCI
  • Param1=14
  • ValueMin=-100
  • ValueMax=100
  • Indicator=Bollinger
  • Param1=20
  • ValueMin=-2.0
  • ValueMax=2.0
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