What is Double Top and Bottom Double top and bottom patterns are chart patterns that occur when the underlying investment moves in a similar pattern to the letter "W" (double bottom) or "M" (double top). Double top and bottom analysis is used in technical analysis to explain movements in a security or other investment, and can be used as part of a trading strategy to exploit recurring patterns. you can fin MT4 version hier
Indicator shows you 2 Level target and stop loss level. Stoploss level
This is an indicator meant to catch trends as they are coming from a retracement .it can be used for any symbol . We can use this indicator to catch spikes or sculp for Boom , Crash ,Range Break . it offers a sell signal and buy signal and an exit signal which can also be used to enter price reversal if you see fit the indicator has a higher time frame filter system which can go up to 2 levels of time filtering which will give you more accurate signals based on the trend ,this feature can be tur
Percentile of Historical Volatility and Correlation Coefficient shows if the asset is cheap or expensive based on the volatility. It is used to determine a good entry point. It has two indicators built in: Historical Volatility is ranked percentile wise and its correlation to price action which gives an indication of the direction of a possible future move. Together the both indicators can give good entries and direction. Historical Volatility is a statistical measure of the dispersion of retu
This z-score indicator shows the correct z-score of an asset, as it uses the normalized price data for calculation, which is the only correct way. Z-score is only applicable for normal distributed data, therefore not the actual price is considered, but the normalised returns, which were assumed to follow a normal distribution. Returns are mean reverting and assumed to follow a normal distribution, therefore z-score calculation of returns is more reliable than z-score on price, as price is NOT m
Indicator for fast navigation through financial instruments. When you click on the button, you go to the chart of the financial instrument, the name of which was written on the button. In other words, the indicator opens or unfolds an existing chart window. For each chart, you can customize the name of the financial instrument, text color and background color; in total, you can customize symbols buttons that you trade often. The indicator can be installed on any charts for which you need to swit
Order Block Finder
Sends Alerts – On MT5 To Your Phone To Your Email
Does not repaint .
Works on any Forex pair, any timeframe.
10 Activations allowed so you are free from limitations >> MT4 Version Here Spreads from 0.1pip RAW/ECN Accounts, click here . Check out my Waka Esque EA signal here: >> High Risk Settings or Medium Risk Settings .
What Is An Order Block? An Order Block (or Banker Candle, or Institutional Candle) is an opportunity to get very high risk to reward trades (o
The indicator ‘Probability Range Bands’ gives a prediction of the amount, how much the asset is moving from its current price. The range bands give probabilities, that the candle close will not exceed this certain price level. It is also called the expected move for the current candle close. This Indicator is based on statistical methods, probabilities and volatility. Asset price is assumed to follow a log-normal distribution. Therefore, log returns are used in this indicator to determine the
This indicator builds upon the previously posted Nadaraya-Watson Estimator. Here we have created an envelope indicator based on kernel smoothing with integrated alerts from crosses between the price and envelope extremities. Unlike the Nadaraya-Watson Estimator, this indicator follows a contrarian methodology. Settings
Window Size: Determines the number of recent price observations to be used to fit the Nadaraya-Watson Estimator.
Bandwidth: Controls the degree of smoothness of the envelopes
This indicator shows OutsideBars (OB) and InsideBars(IB) in the chart in candle form.
The colors of the candles can be set individually. Also different colors for bearish and bullish IBs or OBs are possible.
In addition, the color of the wicks or Outlines can also be set.
OutsideBars and InsideBars often show good zones for support or resistance. See the Screenshot for some examples.
This indicator shows external bars ("Aussenstäbe") in the chart in candle form.
The colors of the candles can be set individually.
Also different colors for bearish and bullish bars are possible.
In addition, the color of the wicks or outlines is also adjustable.
Outside bars are mentioned e.g. by Michael Voigt in the book "Das große Buch der Markttechnik".
All other candles are inner bars.
The purpose of using Smart money index (SMI) or smart money flow index is to find out investors sentiment. The index was constructed by Don Hays and measures the market action. The indicator is based on intra-day price patterns. The beginning of the trading day is supposed to represent the trading by retail traders. The majority of retail traders overreact at the beginning of the trading day because of the overnight news and economic data. There is also a lot of buying on market orders and shor
ForexBob Candle Timer Is an amazing countdown time indicator which shows the time remaining for next candle to open. It can be used on any timeframe. It helps to plan your next trading action.
Inputs are simple Color - To change the color of displaying time. Size - To set the size of font Next for settings are used to set the location of time Font - To change the font type.
Please check my other products here https://www.mql5.com/en/market/my
Long & Short Based on Cointegration Statistical and Quantitative Long-Short (Pair Trading) approach for long and short positions. Your CPU will always be safe and stable when using Multiple Linear Regression if you have a reliable indicator. Based on the results of this indicator, you can execute a long and short or a long and long/short and short trade between two separate assets. It can show you a Highly informative dashboard based on Cointegration Search you determine, with all statistical d
With this indicator you can colorize the candles on your chart based on the output of any oscillator indicator. Supporting both built-in and custom indicators, with the ability to set up to 5 custom parameters, custom color scheme, and upper/lower threshold values. Most built-in indicators in MT5 will be found under "Examples\\" path. For example, to use default RSI indicator, set your indicator path to "Examples\\RSI" in the inputs dialog. Input01-05 sets the custom parameters of your indicator
Fibonacci retracement levels—stemming from the Fibonacci sequence—are horizontal lines that indicate where support and resistance are likely to occur. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used. The indicator is useful because it can be drawn between any two significant price points, such as
Build your own model to predict averages of turning points of the Triple Moving Average Oscillator. It is simple. Rate me with stars. Just load the indicator Triple Moving Average Oscillator in you platform and choose the period. Scroll through to observe the averages of the highs and lows over a period of time. Add the levels for a buy and a sell on the Triple Machine and this will show the average of highs and lows to look for buys and sell. You can load multiple copies with multiple levels.
The diamond top and bottom are reversal patterns. It represents a rally to a new high with a drop to a support level followed by a rally to make a new high and a quick decline, breaking the support level to make a higher low. The bounce from the higher low is then followed by a rally, but making a lower high instead. Once this behavior is identified, prices then break the trend line connecting the first and second lows and start to decline further. You can find MT4 version hier
Indicator shows
New QQE with confirm The relative strength index (RSI) is a technical indicator of momentum that measures the speed and change of price on a scale of 0 to 100, typically over the past 14 periods. Cause RSI measures the speed and change of price, trader normally use this indicator in two way: + Buy when oversold, sell when overbougth. + buy or sell when identifying divergence from rsi with price. In two way, it wrong when rsi in overbouth (for example) for long time or divergence. Even price ju
The Trend Snatcher is a multi-timeframe indicator that detects swings on the price market chart. Important levels, such as Supply and Demand levels, Trendline touches, reversal patterns, and others, can also be added as confluence when making trading decisions.
The indicator employs two lines that aim for the highest selling and lowest buying levels. When the two lines cross, a signal is generated.
All trading instruments are compatible, including currency pairs, synthetic indices, metals, c
"Pattern 123" is an indicator-a trading system built on a popular pattern, pattern 123.
This is the moment when we expect a reversal on the older trend and enter the continuation of the small trend, its 3rd impulse.
The indicator displays signals and markings on an open chart. You can enable/disable graphical constructions in the settings.
The indicator has a built-in notification system (email, mobile terminal, standard terminal alert).
"Pattern 123" has a table that displays signals from se
The concept of Harmonic Patterns was established by H.M. Gartley in 1932. Gartley wrote about a 5-point (XABCD) pattern (known as Gartley) in his book Profits in the Stock Market. This indicator scan and alert when 4th point (C) is complete and predict where D should be. In traditional, Gartley pattern include BAT pattern, Gartley pattern, butterfly pattern, crab pattern, deep crab pattern, shark pattern. Each pattern has its own set of fibonacci. In this indicator, we add more extended patter
Winner Oscillator. As it is called, it is an oscillator that consists of a heikin ashi candlestick strategy + an oscillator programmed to grab perfect rebounds as it looks good in the photo It is used for scalping and intraday. It works for all seasons! and also for all forex pairs and synthetic indices It works very well also in volatility, jumps, crash and boom!
Menora (All In One) Indicator.
This is the advanced and premium indicator for the Magic Trend, a free indicator. It has 3 output signals driven by different market conditions. This indicator has a double function of working as an indicator and utility at the same time.
Specifications
1] 3 output signals a) Slow Moving Average with color change - The MA has a non-repaint color change, which makes it perfect for entry signals. b) Fast Moving Average (the original Magic Trend line) - Gives a
What is a Point of Interest? Traders who follow Smart Money Concepts may call this a Liquidity Point, or areas pools of liquidity have been built up by retail traders for for Big Banks to target to create large price movements in the market. As we all know, retail traders that use outdated and unreliable methods of trading like using trendlines, support and resistance, RSI, MACD, and many others to place trades and put their stop losses at keys points in the market. The "Big Banks" know these me
SYSTEM INTRODUCTION: The Binary Options Momentum System Is Specifically Designed For Binary Options Trading. Unlike Other Systems And Indicators That Were Adopted From Other Trading Environments For Binary Options. Little Wonder Why Many Of Such Systems Fail To Make Money . Many End Up Loosing Money For Their Users. A Very Important Fact That Must Be Noted Is The Fact That Application Of Martingale Is not Required. Thus Making It Safer For Traders Usage And Profitability. A Trader Can Use Fi
The Bheurekso Pattern Indicator for MT5 helps traders automatically identify candlestick pattern that formed on the chart base on some japanese candle pattern and other indicator to improve accurate. This indicator scans all candles, recognizes and then displays any candle patterns formed on the chart. The candle displayed can be Bullish or Bearish Engulfing, Bullish or Bearish Harami, and so on. There are some free version now but almost that is repaint and lack off alert function. With this ve
Inspired investing.com Technical Indicators, this indicator provides a comprehensive view of the symbol by synthesizing indicators including: RSI, StochRSI : have 3 level oversold - red, midle (aqua when upper, pink when lower), overbuy – blue Stoch: oversold – red, overbuy- blue, aqua when main line < signal line, pink when main line > signal line MACD: aqua when main line < signal line, pink when main line > signal line ADX: aqua when line plus > line minus, pink when line plus < line minus
This is a Lite version of my Binary Wave Advance Oscillating indicator: https://www.mql5.com/en/market/product/90734 Free for a limited time! It reduces the less useful indicators, while keeping it's predictive modifications to make each indicator within better than their stock counter part. I reduced it and made it simpler, in the hopes it would be less overwhelming and more approachable. Contains: ADX Chaikin Money Flow Index Each have separate smoothing controls to tame faster periods, as we
This is similar in it's idea as the Binary Advance/Lite indicator, but this is intended to use as a levels indicator, as well as trend reversal and how ranging the market is. It takes several useful indicators and combines them in such a way as to declutter your charts, yet prove even more useful together, than separate. RSI, RVI, DeMarker, MACD are added together then multiplied by ATR and StdDev to reveal multiple factors: How far the price has changed, and as the price slows down and reverses
Type(1EMA,2DEMA,3TEMA) FastPeriod SlowPeriod SignalPeriod PriceApplied ( HIGH(H) LOW(L) OPEN(O) CLOSE(C) MEDIAN(HL) TYPICAL(HLC) WEIGHTED(HLCC) )
Deviate Up Deviate Down Deviate Bar
What Is Moving Average Convergence/Divergence (MACD)? Moving average convergence/divergence (MACD, or MAC-D) is a trend-following momentum indicator that shows the relationship between two exponential moving averages (EMAs) of a security’s price. The MACD line is calculated by subtracting the 26-peri
The parabolic SAR indicator, developed by J. Welles Wilder Jr., is used by traders to determine trend direction and potential reversals in price. The technical indicator uses a trailing stop and reverse method called "SAR," or stop and reverse, to identify suitable exit and entry points. The parabolic SAR indicator appears on a chart as a series of dots, either above or below an asset's price, depending on the direction the price is moving. A dot is placed below the price when it is trending u
What Is the Relative Vigor Index? The Relative Vigor Index (RVI) is a momentum indicator used in technical analysis that measures the strength of a trend by comparing a security's closing price to its trading range while smoothing the results using a simple moving average (SMA). The RVI's usefulness is based on the observed tendency for prices to close higher than they open during uptrends, and to close lower than they open in downtrends. KEY TAKEAWAYS The Relative Vigor Index (RVI) is a
The Magic SMMA indicator is of great help in determining trend direction. It can be an excellent addition to your existing strategy or the basis of a new one. We humans can make better decisions when we see better visually. So we designed it to show a different color for rising and falling trends. Everyone can customize this in the way that suits them best. By setting the Trend Period, we can optimize it for longer or shorter trends for our strategy. It is great for all time frames.
IF YOU NEE
The Magic SMA indicator is of great help in determining trend direction. It can be an excellent addition to your existing strategy or the basis of a new one. We humans can make better decisions when we see better visually. So we designed it to show a different color for rising and falling trends. Everyone can customize this in the way that suits them best. By setting the Trend Period, we can optimize it for longer or shorter trends for our strategy. It is great for all time frames.
IF YOU NEED
The Magic LWMA indicator is of great help in determining trend direction. It can be an excellent addition to your existing strategy or the basis of a new one. We humans can make better decisions when we see better visually. So we designed it to show a different color for rising and falling trends. Everyone can customize this in the way that suits them best. By setting the Trend Period, we can optimize it for longer or shorter trends for our strategy. It is great for all time frames.
IF YOU NEE
The Magic EMA indicator is of great help in determining trend direction. It can be an excellent addition to your existing strategy or the basis of a new one. We humans can make better decisions when we see better visually. So we designed it to show a different color for rising and falling trends. Everyone can customize this in the way that suits them best. By setting the Trend Period, we can optimize it for longer or shorter trends for our strategy. It is great for all time frames.
IF YOU NEED
It is the simplest indicator in existence. It has only one function: report the seconds elapsed since the last minute end in a very convenient way, with a label that can be moved in the chart, so that the trader does not have to take his eye off the forming candle. It is used on M1, but also on larger intervals, for those interested in opening/closing positions at the best time. Sometimes an intense movement in the last 10" of the minute gives indications of future trend, and can be used for sc
!! FLASH SALE !! Over 80% off !! For ONE week only. Now only $47 - normally $297! >>> Ends on 30 June 2023 - Don't miss it!
Buy and Sell Alerts when price breaks out following strict price action. Sends Alerts – #On MT5 To Your Phone To Your Email
Does not repaint .
Works on any Forex pair, any timeframe.
10 Activations allowed so you are free from limitations >> MT4 Version Here For spreads from a tiny 0.1pip RAW/ECN Accounts, click here . Check out my Waka Esque EA signal here
RSI Professional is based on an oscillator to hunt ranges and trends where you can also see it catches rebounds in the measurements according to the pair, it can be used for forex and synthetic indices, it works in any temporality, in the pairs that I use it are, eur/usd, usd/jpy, usd/chf and gbp/usd, in synthetics in the crash and boom pairs all, volatility 75, jumps, and range break!
!! FLASH SALE !! Over 80% off !! For ONE week only. Now only $47 - normally $297! >>> Ends on 30 June 2023 - Don't miss it!
Buy and Sell Arrows when price breaks away from mean price. Sends Alerts – On MT5 To Your Phone To Your Email
Does not repaint .
Works on any Forex pair, any timeframe.
10 Activations allowed so you are free from limitations >> MT4 Version Here For spreads from a tiny 0.1 pips RAW/ECN Accounts, click here . Check out my Waka Esque EA signal here: >> High
Introducing the South African Sniper Indicator
Created by a dedicated team of South African traders with years of profitable experience in the financial markets, the South African Sniper Indicator is designed to give traders a sharp edge — combining simplicity, precision, and power in one tool.
This is a plug-and-play indicator for MT5, built to deliver accurate BUY and SELL (Sniper Entry) signals — complete with target levels and automated trailing stops. Whether you trade forex, indice
This algorithm uses real time data to generate signals with an accuracy rate of 80%. It shows entries and where you should place both the stoploss and the take profit for each trade. It determines trend! It can even help you to become a signal provider! And it can generate up to 8 signals a day! You get access to a free forex trading community Operates on any broker compatible to synthetic indices and forex
if you need any assistance whatsapp +2774 35 35 744 or telegram link @pipsempire01
Key Price Levels Indicator Indicator that shows the highs and lows for the significant price levels for past periods that could be potentially considered as reaction levels. The indicator displays the following price levels: Yesterday high and low The day before yesterday high and low Two days back high and low Last week high and low Last month high and low Last three month high and low (Quarter) Last year high and low
The MP Andean Oscillator is used to estimate the direction and also the degree of variations of trends. It contains 3 components: Bull component, Bear component and Signal component. A rising Bull component indicates that the market is up-trending while a rising Bear component indicates the presence of down-trending market. Settings: Oscillator period: Specifies the importance of the trends degree of variations measured by the indicator. Signal line per: Moving average period of the Signal line
Update 2.0: Added the option to change LWMA to the other 3 basic MA modes. I also added Smoothing to it, to tame it a bit. You can input 1 as smoothing period and no smoothing will be applied.
Update 2.1: Removed Trend Typical Open/Close as is was the same behavior as Trend Open/Close. Trend follow works by averaging the high/low with close/open. If Close is above Open, Trend Close = Close+High/2, averaging between close and high, and when Close drops below Open, it's calculation automatically s
The Time End bar by MMD is a simple indicator that shows the number of seconds remaining in the three selected intervals. According to the MMD methodology, the moment when a directional price movement occurs is important. This indicator allows you to use this relationship more effectively in Forex and Futures trading.
Functionality description:
Time Frame 1 Period - defining the first time interval Time Frame 1 Color - specifying the color for the first time interval Time Frame 1 Period - def
The most crucial price level in any "Volume Profile" is the "Point of Control" . It is the price level with the highest traded volume. And mainly, it is the level where the big guys start their positions, so it's an accumulation/distribution level for smart money.
The idea for the indicator arose after the "MR Volume Profile 5" indicator was created. When creating the "MR Volume Profile 5" indicator, we spent a lot of time comparing the volumes with those from the volume profile in the NinjaT
MegaSpikes Boom and Crash MegaSpikes Boom and Crash is a MetaTrader 5 technical indicator for studying Boom and Crash synthetic index charts, mainly on the M1 timeframe. It brings several MegaSpikes modes into one indicator so users can observe chart conditions, alerts, and technical confirmations from a single tool. Main features Version selector for MegaSpikes 1, 1.31, 1.32, Divergence, and Last Red Candle modes. Technical-analysis components based on RSI, ATR, Alligator, moving averages, Para
The Candle Countdown Timer for MetaTrader 4 (also available for MT5) is a vital indicator designed to help you manage your trading time effectively. It keeps you updated about market open and close times by displaying the remaining time before the current candle closes and a new one forms. This powerful tool enables you to make well-informed trading decisions. Key Features: Asia Range: Comes with an option to extend the range. Broker Time, New York, London Time: Displays the current broker time
Automatically scans the chart to find Harmonic Patterns, and give you the chance to enter early in good operations. Also if selected, it will alert you in advance when future patterns appears, showing you a projection of a posible future pattern. The main goal for this algorithm is to determine with high precision the moment when a trend ends and a new one begins. Giving you the best price within a reversal. We have added the "Golden Trade", we define it as the perfect order: For those ord
Easily convert your candlestick patterns into signals!
Eval - Command interpreter - Command line interface - String converter - Customizable sign I bring one more indicator that was requested by a real trader. Thanks for the suggestion mate!
The String2Signal indicator will allow you to write your candlestick patterns and get the signals on the screen, integrating with EAs or using it to assist in manual operations. You type a text with your setup and the indicator converts it into the MQL5
Update 2.2: Added MFI with predictive mod. Updated all indicators to reflect similar values, to combine multiple ones to rest well on overbought/oversold lines.
Update 2.3: Minor bug fixes.
Update 2.4: Removed buggy indicators DeMarker, and MACD, as it was too complicated and not as accurate as the rest due to it's nature. Added Awesome Oscillator. removed spreads, as it bogged the indicator down. Added other features, like indicator value compensators to match each other's levels when combined.
Break Even Line by MMD
The Break Even line is a useful indicator for people using strategies that allow simultaneous trades in both directions, such as the MMD methodology. This indicator is useful when playing statistical models and averaging positions in accumulation and distribution zones. The indicator draws levels by summing positions in three groups: positions included in BUY, positions included in SELL and all positions included.
Functionality description:
Show BUY BELine - shows or
A free deals history results panel. Its working principle is to calculate the monthly income by consulting historical trading records and display it in a tabular format. At the same time, it also statistics all the trading results of the current account, enabling traders to adjust their trading strategies based on historical data. If you have further requirements, please contact the developer.
Time Line by MMD is a simple indicator that supports historical data analysis and trading on statistical models that follow the MMD methodology.
Start Time - specifying the time when we start analyzing and playing the MMD statistical model Time Duration in minutes - duration of the model and its highest effectiveness (after the end of the line, the price returns - statistically - to the set level) Lookback days - the number of days back, subjected to historical analysis Base Time Frame - the b