It takes average daily data in percentages for last 5 days by default. The indicator shows daily High, Low and the difference in %. Also it show current swaps and a mark.
This is necessary information to understand average daily movement of the pair to make correct trading decisions. The swap logic is simple: bigger swap = preferred direction. But you must check the direction using another methods, do not rely only on that data.
An analogue of the Stochastic oscillator based on algorithms of singular spectrum analysis (SSA) SSA is an effective method to handle non-stationary time series with unknown internal structure. It is used for determining the main components (trend, seasonal and wave fluctuations), smoothing and noise reduction. The method allows finding previously unknown series periods and make forecasts on the basis of the detected periodic patterns. Indicator signals are identical to signals of the original i
Technical indicator Relative Strength Index (RSI) is a price following oscillator, whose values vary between 0 and 100. Values below 30 indicate an oversold state, and values above 70 indicate an overbought state. The classic interpretation of it is the following: if the oscillator line goes out of the oversold zone, it is a signal for opening a long position. If it goes out of the overbought zone, it is a signal for opening a short position. The indicator displays entry points on the chart usin
The Metatrader 5 has a hidden jewel called Chart Object, mostly unknown to the common users and hidden in a sub-menu within the platform. Called Mini Chart, this object is a miniature instance of a big/normal chart that could be added/attached to any normal chart, this way the Mini Chart will be bound to the main Chart in a very minimalist way saving a precious amount of real state on your screen. If you don't know the Mini Chart, give it a try - see the video and screenshots below. This is a gr
Universal Oscillator is a ready to use set of 15 standard, open source, and author's custom oscillators, including 4 period adaptive and 4 fractal adaptive ones. It is an indispensable tool for everyone who writes and optimizes automatic strategies, as well as for manual traders who want to get more from their indicators. Oscillator type and parameters are controlled through inputs. For the comfort of using, all the oscillators are normalized (if needed) and fit the relative scale from 0 to 100,
The MACD indicator in MetaTrader 4/5 looks different than the MACD indicator in most other charting software. That's because the MetaTrader 4/5 version of MACD displays the MACD line as a histogram when it is traditionally displayed as a line. Additionally, the MetaTrader 4/5 version computes the Signal line using an SMA whereas according to MACD definition it's supposed to be an EMA. The MetaTrader 4/5 version also does not compute a true MACD Histogram (the difference between the MACD/Signal l
This indicator displays Pivot-Lines, preday high and low, preday close and the minimum and maximum of the previous hour. You just have to put this single indicator to the chart to have all these important lines, no need to setup many single indicators. Why certain lines are important Preday high and low : These are watched by traders who trade in a daily chart. Very often, if price climbs over or falls under a preday low/high there is an acceleration in buying/selling. It is a breakout out of
The indicator displays trend slowdown or possible end of trend and price reversal. The indicator has no parameters. When red bars appear and when they become shorter, we can talk about the approaching end of the downtrend. When green bars become shorter, we can expect the approaching end of the uptrend.
This Renko Advanced indicator can be considered as a trading system. The indicator offers a different view to see the currency pair: it is a full timeless indicator and it can be used for manual trading or for automatized trading with some expert advisor. When the price reaches a threshold a new block is created. It takes advantage of a visualization similar to Renko visualization type, offering less noise than usual candles bar. The indicator beside the Renko bars, shows also 3 moving aver
Индикатор индекс относительной силы (RSI - Relative Strength Index) с динамическими уровнями зон перекупленности и перепроданности. Динамические уровни изменяются и подстраиваются под текущие изменения индикатора и цены, и представляют собой своеобразный канал. Настройки индикатора period_RSI - Период усреднения для вычисления индекса RSI. applied_RSI - Используемая цена.Может быть любой из ценовых констант: PRICE_CLOSE - Цена закрытия, PRICE_OPEN - Цена открытия, PRICE_HIGH - Максимальная за
Follow The Line This indicator obeys the popular maxim that: "THE TREND IS YOUR FRIEND" It paints a GREEN line for BUY and also paints a RED line for SELL. (you can change the colors). It gives alarms and alerts of all kinds. IT DOES NOT REPAINT and can be used for all currency pairs and timeframes. Yes, as easy and simple as that. Even a newbie can use it to make great and reliable trades. NB: For best results, get my other premium indicators for more powerful and reliable signals. Get them
Reversal Hunter is a new leading oscillator. It monitors small changes in volume and price volatility using second derivative, thus providing an accurate prediction of trend reversals. Though Reversal Hunter shows its best results with reliable volume data (tick or real), special option of "synthetic" volume (which uses OHLC data only) is implemented to optimize performance in case of poor or missing volume data. The oscillator is drawn as two-color line for easy detection of trend changes.
The FOB ( F requency of O ccurrence of B ars) indicator refers to oscillators. Many are watching for the price changes on the chart. Trend impulses are replaced by side pulses, and vice versa. When this change is observed, it could be noted that bars of the same color are formed more often during the period of impulse movements. For example, during an uptrend impulse the bullish bars can be seen more often on the chart, and the bearish ones can be seen rarer. During a downtrend impulse the beari
This is the same indicator created by Mustapha BELKHAYATE now available for free. This indicator is best used to time the market and enter trades during periods of least risk. Apply this indicator along with the Center of Gravity indicator in order to identify price extremes. Then use free timing to trade potential turning points. This indicator is an oscillator similar in ilk to the Relative Strength Index. Indicator values range from 0 to 100, with values below 30 or 20 signaling overselling a
Free automatic fibonacci is an indicator that automatically plots a fibonacci retracement based on the number of bars you select on the BarsToScan setting in the indicator. The fibonacci is automatically updated in real time as new highest and lowest values appears amongst the selected bars. You can select which level values to be displayed in the indicator settings. You can also select the color of the levels thus enabling the trader to be able to attach the indicator several times with differe
Classical Stochastic indicator. The only difference is as follows: the bars when the Stochastic values are in extreme zones are marked with points in the main chart window. The current bar which has not completed doesn't participate in calculations. The indicator can be useful for the traders who use Stochastic in their trading. The lower part of the chart is free of any data. The indicator parameters completely correspond to the classical Stochastic indicator. Parameters complementing the c
We have all seen a currency pair enter the overbought or oversold territory and stay there for long periods of time. What this indicator does is gives you the emphasis. So if you are looking for reversals then you may want to take notice when oversold territory is entered into with a bullish engulfing candle or if the trend is your thing then check for bearish engulfing candles while entering oversold. This indicator will show a downward arrow when it detects a bearish engulfing candle while cro
The indicator plots two lines by High and Low prices. The lines comply with certain criteria. The blue line is for buy. The red one is for sell. The entry signal - the bar opens above\below the lines. The indicator works on all currency pairs and time frames It can be used either as a ready-made trading system or as an additional signal for a custom trading strategy. There are no input parameters. Like with any signal indicator, it is very difficult to use the product during flat movements. You
The indicator identifies when a divergence occurs between price and an oscillator. It identifies both regular and hidden divergences. This free version has some limitations compared with the paid version . For instance alerts are not supported. Please also check out my other divergence products : Divergence dashboard Double divergence scanner Features Can detect divergences for the following oscillators/indicators: MACD, OsMA, Stochastics, RSI, CCI, RVI, Awesome, ADX , ATR, OBV, Composite in
Advanced Stochastic Scalper Free for MT5 is a professional indicator based on the popular Stochastic Oscillator. This product is an oscillator with dynamic overbought and oversold levels, while in the standard Stochastic Oscillator, these levels are static and do not change. This allows Advanced Stochastic Scalper Free to adapt to the ever-changing market. When a buy or a sell signal appears, an arrow is drawn on the chart and an alert is triggered allowing you to open a position in a timely m
Best Scalper Oscillator Free is an indicator for MetaTrader 5 based on mathematical calculations on the price chart. This is one of the most common and useful indicators for finding the trend reversal points. Best Scalper Oscillator Free is equipped with multiple types of notification (push notifications, emails, alerts), which allows opening trades in time. Best Scalper Oscillator Free - is a demo version, which works only on the USDCHF currency pair. Unlimited version can be purcha
The indicator generates early signals basing on ADX reading data combined with elements of price patterns. Works on all symbols and timeframes. The indicator does not redraw its signals. You see the same things on history and in real time. For better visual perception signals are displayed as arrows (in order not to overload the chart). The indicator is a complete analogues of the Trend Monitor indicator for MetaTrader 4 Features The best results are obtained when the indicator works on two ti
RSI magic kjuta trial is the demo version of RSI magic kjuta. Custom Indicator (RSI magic kjuta) based on the standard (Relative Strength Index, RSI) with additional settings and functions. The maximum and minimum RSI lines on the chart have been added to the standard RSI line. Now you can visually observe the past highs and lows of RSI, and not only the values of the closing bars, which avoids confusion in the analysis of trades. For example, the EA opened or closed an order, but the RSI l
The indicator detects and displays М. Gartley's Butterfly pattern. The pattern is plotted by the extreme values of the ZigZag indicator (included in the resources, no need to install). After detecting the pattern, the indicator notifies of that by the pop-up window, a mobile notification and an email. The pattern and wave parameters are displayed on the screenshots. The default parameters are used for demonstration purposes only in order to increase the amount of detected patterns. Parameters
The CCI Crossing indicator displays the intersection of two CCI (Commodity Channel Index) indicators - fast and slow - in a separate window. The intersection area is filled in blue, when the fast CCI is above the slow CCI. The intersection area is filled in red, when the fast CCI is below the slow CCI. This indicator is a convenient tool for measuring the deviations of the current price from the statistically average price and identifying overbought and oversold levels. The indicator can work on
The Trend Detect indicator combines the features of both trend indicators and oscillators. This indicator is a convenient tool for detecting short-term market cycles and identifying overbought and oversold levels. A long position can be opened when the indicator starts leaving the oversold area and breaks the zero level from below. A short position can be opened when the indicator starts leaving the overbought area and breaks the zero level from above. An opposite signal of the indicator can
This is a free version of the indicator, the period between the vertical lines is always 30 bars. In the paid version the period can be set by user, so a configuration with many ThreePointsChannel indicators with different periods is possible. The principle of construction - on top of any number of bars set by the user, a channel is constructed with maximum and minimum lines so that the bars touch the maximum and minimum of the channel at exactly three points. The name of the indicator follows
The indicator determines trend/flat status of the market using Bollinger Bands. Bollinger Bands diverge when the market moves sharply and converge when there is flat. The indicator uses this peculiarity. When the market is calm and distance between Bollinger Bands is less than some value, the indicator shows flat (gray histogram by default). When the market starts moving and divergence of Bollinger Bands exceeds this value, the indicator determines direction of the movement and shows an up trend
Hull Moving Average (HMA) is well-deservedly popular among traders because of the effective averaging of market noise and a relatively small delay. The current MetaTrader 5 version changes its color when the movement direction changes. Sound and text signals are available. It also supports sending email and push messages. It is possible to trigger a signal on the current incomplete bar, although such a signal may be canceled before completion if conditions are no longer appropriate. One of the p
Heikin-Ashi RSI is a technical indicator, combined Heikin-Ashi and RSI calculations, to show price moving trend and reversal. The Heikin-Ashi technique – meaning "average bar" – can be used to spot trends and to predict future prices. Heikin-Ashi Candlesticks are based on price data from the current open-high-low-close, the current Heikin-Ashi values, and the prior Heikin-Ashi values. The relative strength index (RSI) is a technical indicator used in the analysis of financial markets. It is