Kagi Chart MT5

KagiChart for MetaTrader 5

Introduction

KagiChart is a time-independent charting indicator designed for MetaTrader 5.
It renders Kagi lines directly on the chart window, focusing on price movement and reversal structure rather than time-based candles.

What is a Kagi Chart

Kagi is a charting method that represents price movement without using fixed time intervals.
Instead of plotting candles at regular time steps, the chart changes direction only when price reverses by a defined amount.

The chart consists of continuous lines that reflect market structure:

  • Yang lines represent upward movement after price exceeds a previous high
  • Yin lines represent downward movement after price falls below a previous low

This approach helps visualize trend structure and price movement without time-based noise.

Indicator Logic

The indicator builds Kagi lines using reversal thresholds.
A new segment is created only when price moves beyond the defined reversal level.

  • Upward movement continues until a downward reversal condition is met
  • Downward movement continues until an upward reversal condition is met
  • Trend state changes when previous structural levels are broken

Rendering Features

  • Vertical segments connected by horizontal lines
  • Even column spacing based on bar index
  • Consistent spacing regardless of time gaps
  • Accurate handling of session gaps and weekends
  • Yang and Yin transitions occur at the exact price level where structure is broken
  • Mid-segment transitions are supported

Features

Reversal Modes

  • Percentage based reversal
  • ATR-based reversal
  • Fixed price reversal
  • Broker point-based reversal

Visual Settings

  • Custom colors for Yang and Yin states
  • Adjustable line thickness
  • Configurable column width
  • Optional even-spacing mode

Information Display

  • Current Yang or Yin state
  • Swing count
  • Current trend direction

Alerts

  • Optional notification when trend state changes

Performance Control

  • Adjustable maximum number of processed bars

Usage

The indicator can be used to observe price structure and trend changes based on reversal logic.
It may also be combined with other analytical tools.

Limitations

  • This is a visualization indicator and does not execute trades
  • It does not provide trading signals as indicator buffers
  • It does not expose data buffers for Expert Advisor integration
  • The chart is recalculated on each update
  • It does not predict future market behavior

Installation

  1. Open MetaEditor in MetaTrader 5
  2. Place the file in the MQL5/Indicators folder
  3. Compile the file
  4. Attach the indicator to a chart from the Navigator panel
  5. Adjust input parameters as needed

Recommended Settings

  • Forex: ATR mode, period 14
  • Indices and metals: Percentage mode
  • Crypto: Percentage mode with higher values

Settings can be adjusted depending on instrument volatility and preferred sensitivity.

Notes

Kagi charts are designed to reduce the impact of small price fluctuations.
They may show fewer movements during low-volatility conditions and more structure during directional moves.

Disclaimer

This indicator is provided for analytical purposes only.
It does not provide investment advice and does not guarantee results.


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Mohammad Taher Halimi Tabrizi
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Mohammad Taher Halimi Tabrizi
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Mohammad Taher Halimi Tabrizi
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Mohammad Taher Halimi Tabrizi
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Mohammad Taher Halimi Tabrizi
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Mohammad Taher Halimi Tabrizi
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Mohammad Taher Halimi Tabrizi
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Mohammad Taher Halimi Tabrizi
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Mohammad Taher Halimi Tabrizi
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Mohammad Taher Halimi Tabrizi
The SuperTrend indicator is a popular technical analysis tool used by traders and investors to identify trends in the price of a financial instrument, such as a stock, currency pair, or commodity. It is primarily used in chart analysis to help traders make decisions about entering or exiting positions in the market. this version of super trend indicator is exactly converted from trading view to be used in MT5
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Mohammad Taher Halimi Tabrizi
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Mohammad Taher Halimi Tabrizi
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Mohammad Taher Halimi Tabrizi
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Mohammad Taher Halimi Tabrizi
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Mohammad Taher Halimi Tabrizi
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Mohammad Taher Halimi Tabrizi
Category: Oscillator Indicator Platform: MetaTrader 5 Type: Entry Indicator Timeframes: All Trader Styles: Scalping, Day Trading, Swing Trading, Binary Options Markets: All Description The Two-Pole Oscillator is an analytical tool based on deviation calculations and a two-pole smoothing filter. It is designed to highlight momentum conditions and potential trading signals while filtering out short-term noise. Main features: Two-Pole Filtering – Reduces chart noise for smoother oscillator curves.
Slope MA with Tester
Mohammad Taher Halimi Tabrizi
Rule-compliant Description Category: Trend Indicator Platform: MetaTrader 5 Type: Level Indicator Timeframes: All Trader Styles: Scalping, Day Trading, Swing Trading Markets: All Description The Slope MA With Tester is a technical indicator that evaluates the slope of a moving average relative to volatility (ATR). It highlights directional bias through a color-coded slope line and plots entry arrows when slope conditions change. Main features: Slope-based Calculation – The slope of an EMA is nor
Market Structure Break & Order Block (MSB-OB) The Market Structure Break & Order Block (MSB-OB) indicator is built to analyze price structure, highlight market structure breaks, and mark order block zones. It also provides buffers for Buy/Sell signals and MSB detection, making it suitable for both manual analysis and automated strategies. A tester panel is included to evaluate performance under different conditions in the Strategy Tester. Main Concept Market Structure Break (MSB): Occurs after
The Smart Squeeze Momentum Indicator MT5 is a powerful trading tool that helps traders identify periods of market contraction, expansion, and potential trend reversals . Built on the proven concepts of Bollinger Bands and Keltner Channels , this indicator detects “squeeze” conditions and provides a clear momentum histogram along with buy and sell trading signals . Key Features Momentum Histogram – Visualizes the strength and direction of market momentum. Squeeze Detection – Identifies low-vol
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