Free Technical Indicators for MetaTrader 5 - 8

Trendy Stock is a price following indicator that uses Stochastic to show when the price is out of the oversold or overbought areas.  The algorithm allows you to stay longer in a trend where the bulls or bears are in control. The indicator changes color immediately the price exits oversold/overbought state. In short, the downtrend [red] bars start to paint when the buying pressure decreases while the uptrend [green] bars form as the buy pressure kicks in.    For MT4 version, follow :: https://www

One of the good and important features in MT4 is the availability of the iExposure indicator. With the iExposure indicator, traders can see a comparison of ongoing open positions and how much funds have been used, and more importantly what is the average value of these open positions. Unfortunately this indicator is not available on MT5. This indicator is iExposure MT4 which I rewrote using the MT5 programming language. This indicator can be used like iExposure on MT4 with the same function

Moving Average Crossover with Alert is a  indicator  that can show buy and sell arrow types of alerts supported by the platform based on the crossover of two moving averages according to the parameters given by the trader. You can change inputs by yourself. This indicator only show the arrows to buy or sell to execute the trade you have to do it by yourself. For more information see the screenshot.

Resistance and Support is an easy to use indicator to apply horizontal lines of resistance and support. There are two windows for adding levels. When you press the button, a line appears on the price chart. It is possible to move this line with the mouse, thereby changing the indicator readings. In the indicator menu there is a choice of possible alerts - no alert, alert on touching the level and an alert for closing the candle after the level.

Auto Levels is a technical analysis indicator designed to automatically identify and draw support and resistance levels on price charts.  The robot is capable of automatically identifying support and resistance levels based on historical price patterns, eliminating the need for manual analysis. You can set the maximum number of lines that the indicator plots as a parameter

The ICT Zone Arrow Indicator is an innovative tool developed based on ICT principles. It provides ease and efficiency in identifying key trading areas in the market. Based on the 'killzone' concept, this indicator provides traders with important support and resistance levels by identifying places where large changes in price direction could potentially occur. The ICT Zone Arrow Indicator provides visual graphical markers that help traders identify trade entry zones with a high probability of

The indicator draws daily support and resistance lines on the chart, as well as the Pivot level (reversal level). Adapted to work in MT5 The standard timeframe for calculating support and resistance levels is D1. You can choose other timeframes according to your strategy (for example, for M1-M15, the optimal timeframe for calculations is H1) The function for calculating support and resistance levels has been updated; in this calculation option, fibonacci levels are taken into account, res

If you like to use traditional Moving Averages (like SMAs and EMAs) to provide your trades for dynamic levels of Support and Resistance, you will love the Adaptive Moving Average (AMA). Created in 1995 by Perry Kaufman and presented to the world in his book " Smarter   Trading :  Improving   Performance   in   Changing   Markets ", the Adaptive Moving Average (also known as KAMA - Kaufman Adaptive Moving Average) has the goal to be the perfect companion for following a trend without noise, but s

The Expert Advisor for this Indicator can be found here:  https://www.mql5.com/en/market/product/116472 Introducing the Rejection Candle MT5 Indicator, a robust tool designed to revolutionize your trading experience on the MetaTrader 5 platform. Built to pinpoint potential reversals with precision, this indicator offers unparalleled insights into market sentiment shifts, empowering traders to seize profitable opportunities with confidence. Key Features: Advanced Rejection Candle Detection: Uncov

The Color Candles Indicator uses custom colors to highlight candles that follow the main market trend, based on the Moving Average. This simplifies the analysis of price movements, making it clearer and more direct. When the price is above the rising Moving Average, candles are highlighted indicating a BUY opportunity. When the price is below the declining Moving Average, candles are highlighted indicating a SELL opportunity. Input Parameters : Period Method Applied Price The moving avera

You may find this indicator helpfull if you are following a session based strategy. The bars are colored according to the sessions. Everything is customisable.  Settings: + Asia Session: zime, color, high, low + London Session: zime, color, high, low + US Session: zime, color, high, low Please feel free to comment if you wish a feature and/or give a review. Thanks.

This is the Bill Williams Awesome Oscillator indicator calculated from Heikin Ashi candles. Here you find multi-colored histogram which is helpful when identify weakness or strength of trend in the market. To use it, just simply drop it on the chart and you don't need to change parameters except one: switch between Heikin Ashi or normal candles (see attached picture).

Blahtech Moving Average indicator is a multitimeframe version of the standard Moving Average indicator. It is also enhanced with customisable alerts, period breaks and other configuration options. The 50 day and 200 day moving averages are widely followed by investors and traders, with breaks above and below the MA lines considered to be signals of interest. Links [  Install  |  Update  |   Training   |   All Products  ] Feature Highlights Up to three timeframes Configurable calculation variab

For those who like trend the Force will be a very useful indicator. This is because it is based on the famouse ADX, which measure the strenght of a trend, but without its 3 confusing lines. Force has its very simple interpretation: if the histogram is above zero level the trend is up, otherwise it is down. You can use it to find divergences too, which is very profitable. Thanks to Andre Sens for the version 1.1 idea. If you have any doubt or suggestion, please, contact me. Enjoy! This is a fre

Adiciona marca d'água com nome do ativo em negociação. Pode ser ajustado definindo tamanho da fonte e coloração do texto. Testado com vários ativos do mercado B3 e Forex  Adione ao gráfico e configure de acordo com a necessidade. Caso tenha problemas sinta-se a-vontade para nos avisar e providenciaremos a correção logo que possível. ______________________________

The Indicator show Daily Pivot Points. It is possible to specify the number of days to display. For forex it doesn't consider the sunday session data. It is possibile to modify the color, style and  width for every level. It is better to use this indicator with timeframe not higher than Н1. 4 Levels of support and resistance with also Intermediate Levels that is possible to hide.

One of the best trend indicators available to the public. Trend is your friend. Works on any pair, index, commodities, and cryptocurrency Correct trend lines Multiple confirmation lines Bollinger Bands trend confirmation Trend reversal prediction Trailing stop loss lines Scalping mini trends Signals Alerts and Notifications Highly flexible Easy settings Let me know in the reviews section what you think about it and if there are any features missing. Tips: Your confirmation line will predict tr

AC Pivot Panel AC Pivot Panel is a pivot point indicator including favorite selection panel accessible in the chart. For pivot traders, It is well convenient to easily and quickly can adjust their pivots setting in the chart. To reaching this goal, a panel has been considered to user can easily switch to each pivot levels by different method and time period.  In the current version:      All pivots including supports and resistance can be selected to display or disappear in the chart just by

Andrew Pitch fork is one of the most interesting string trend & Channel & Fibo technical analysis , it's like ALL in ONE tool would be very enough for you. FYI, This indicator will expire by end of July 2022. Using 2 Andrew pitch Forks with 2 different time frames on same chart is really very hard working and might be impossible , but with this indicator is possible now , moreover , using this method as Candle Volume based  analysis give strong trust for your trade. I assume if you are hav

Indicator IRush uses a modified version of a popular indicator RSI (Relative Strength Index) to look for entries on a daily chart or lower. The indicator has been set up and tested with the major symbols: AUDUSD, EURUSD, GBPUSD, USDCAD, USDCHF, and USDJPY. An automated trading with this indicator is implemented in the expert advisor Intraday Rush . This expert advisor can open, trail and close its trades. Check it out, it may be exactly what you are looking for! A Correct Reading of IRush Th

Indicator that uses ATR and standard deviation to calculate the current trend. It has the top and bottom line. The top line is shown when it is high, and the bottom line when it is low. The indicator does not draw a trend line or show the trend for the day, or for a certain period. It has the function of indicating the current trend, and may indicate a reversal. use it with caution and at your own risk.

Highly configurable Macd indicator. Features: Highly customizable alert functions (at levels, crosses, direction changes via email, push, sound, popup) Multi timeframe ability Color customization (at levels, crosses, direction changes) Linear interpolation and histogram mode options Works on strategy tester in multi timeframe mode (at weekend without ticks also) Adjustable Levels Parameters: Macd Timeframe:  You can set the lower/higher timeframes for Macd. Macd   Bar Shift:  you can set the

A pin bar pattern consists of one price bar, typically a candlestick price bar, which represents a sharp reversal and rejection of price. The pin bar reversal as it is sometimes called, is defined by a long tail, the tail is also referred to as a “shadow” or “wick”. The area between the open and close of the pin bar is called its “real body”, and pin bars generally have small real bodies in comparison to their long tails. The tail of the pin bar shows the area of price that was rejected, and

Что показывает на графике индикатор TrendBreak? 1 — рисует линию тренда до максимальных максимумов в 100 баров. 2 — рисует линию тренда до максимальных максимумов в 30 баров. 3 — рисует линию тренда до максимальных минимумов в 100 баров. 4 — рисует линию тренда до максимальных минимумов в 30 баров. И эти линии указывают на сжатие тренда. Также индикатор выбирает 100-й бар и рисует ровную линию к максимуму и минимуму.

This MT5 chart trend checker cuts through the noise of market volatility to provide a clearer picture of trends and price movements. It includes the following features that can provide more clarity during market assessments: 1 customizable multi-period moving average Optional Heikin-Ashi candles 3 switchable focus modes Distinct colors for easy analysis Link to MT4 version: https://www.mql5.com/en/market/product/106708/ This indicator shows your preferred moving average from multiple time fr

The HammerStar indicator is designed to search for the Hammer and Shooting Star patterns on charts of any currency pairs. Hammer Downward trend. The lower shadow is not less than 2 and no more than 3 times larger than the body. There is no upper shadow, or it is very short (no more than 10% of the candlestick range). The color of the body in the long game is not important, with the short - white hammer is much stronger than the black one. Confirmation is suggested. Shooting Star Uptrend.

The "SyntheticaFX Power Indicator" is an exceptional trading tool designed to offer valuable insights into market strength and potential changes, without revealing its proprietary methodology. This powerful indicator is ideally utilized in conjunction with our specialized tools, the " SyntheticaFX CrashSlayer and " BoomSlayer " Spike Indicators, to provide traders and investors with a comprehensive and dynamic trading experience. When employed alongside our SyntheticaFX CrashSlayer and BoomSlaye

It is the very same classic Stochastic indicator, but with a little twist: we changed the Signal Line with a 2-color line, so we can use it with EAs as a filtering system. And that's it! I know it could seem stupid but I needed that, so I created it. The original formula is right from Metaquote's chest, no additions, no subtractions, it is Stochastics in its core. So I will not publish here the Stochastics parameters as they are all the same as always... Enjoy! If you like this indicator, all

One of the best tools for analyzing volume, Weis Wave was idelized by David Weis, to facilitate the reading of directional flow. For the VSA method disciples it is an evolution of the practices created by Richard Wycoff, facilitating a predictive reading of the market, always seeking an accumulation and distribution of the negotiated contracts. Cumulative wave volume  Range of wave ( removed) Average Wave volume Ref "Tim Ord lectures" ( removed)

The "Envelope of Adaptive Moving Average" indicator is a tool to assist you in making informed decisions in the financial market. It is designed to provide you with a clear view of the trend direction and potential entry and exit points in your trades. This indicator is based on an adaptive moving average, which means it automatically adjusts to changes in market volatility. This makes it especially useful in markets that can be both calm and volatile. The indicator displays two lines that enve

The indicator displays support and resistance levels based on fibonacci level in multi period Creates lines indicating the latest support and resistance levels. These lines are updated whenever there is a change in support or resistance levels. Labels are removed if the corresponding conditions are not met. the period is availble in setting and level fibonacci

For MT4 version please click here . Introduction  Most traders use candle patterns as a confirmation tool before entering a trade. As you know there are lots of candle patterns out there. However I realized most of them can be generalized in simple rules. So I developed my own candle pattern(Although I cannot say for sure this is mine). pattern description The pattern consists of three consecutive candles. This is true for most of the patterns out there (considering there is a confirmation neces

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Welcome to a new era of trading with the AI Moving Average indicator, an advanced MetaTrader 5 indicator designed to provide traders with predictive insights into market movements. This tool combines the power of AI with the reliability of a zero-lag exponential moving average to deliver precise and timely predictions of future price trends. Innovative Linear Regression Model The AI Moving Average leverages a linear regression machine learning model to analyze historical price data, enabling it

Trading can be quite tiring when you need to look at several things at the same time. Format of candles, supports, resistances, schedules, news and indicators. This tool aims to facilitate the analysis of the ADX indicator. It colors the candles based on the levels of the indicator and the DI lines. The period, the limit of the indicator and the colors of the candles are customizable. You can also place a visual aid on the lower right side of the graph to view the values of ADX, DI + and

Jackson Support and Resistance V it a powerful advance support and resistance indicator which provide signal base on price action, it Design to make things easy for everyone to draw support and resistance. we believe most strategies are built with support and resistance as a foundation .Having support and resistance perfect can be a game change to you way of trading. It flexible to all instrument .don't forget to watch our video on how to us this indicator prefect and progressive.

This indicator is stand alone version from  MP Pivot Levels  (All in one) containing Woodie Pivots. Woodie’s pivot points are made up of multiple key levels, calculated from past price points, in order to frame trades in a simplistic manner. The key levels include the ‘pivot’ itself, and multiple support and resistance levels (usually up to three each). Traders use these levels as a guide for future price movements when setting up trades. The pivot : (Previous high + previous low + 2 x previou

Candle High Low Indicator showing High and Low of X candles across a line. Settings Candle number for calculation (>= 1 ) - Define the number of candles for the indicator to find the maximum and minimum of that period of candles. Continuation of the line's display to the right - If you want the High and Low line to extend to the right edge of the graph Line High Color - Set line color Line High Style - Set line style Line Low Color - Set line color Line Low Style - Set line style

Candle Counter This product counts the candles and shows the result according to the configuration defined by the user. Professional traders use it to emphasize a specific candlestick. Settings Position - Choose whether the numbers will be displayed above or below the candle Distance - The distance that the number will have from the candle, referring to the minimum or maximum Font Size - Font Size Color - Font Color

This indicator shows the direction of the trend and trend change. Ganesha Trend Viewer is a trend indicator designed specifically for gold and can also be used on any financial instrument. The indicator does not redraw. Recommended time frame H1. Ganesha Trend Viewer is perfect for all Meta Trader symbols. (currencies, metals, cryptocurrencies, stocks and indices..) Parameter setting MA Short Period  ----- Moving Average short period MA Long Period   ----- Moving Average long period Alerts ON

Description The Profit and Loss Indicator by Creative Tech Solutions is a robust and comprehensive tool designed to help traders monitor their trading performance in real-time. This indicator provides detailed metrics on profits and drawdowns, ensuring traders are always informed about their trading activities and performance. With customisable alerts and display settings, this indicator is an essential tool for any serious trader. Features Real-Time Metrics : Monitor profit and drawdown percent

The selective pin bar is designed to identify reversals. To use the selective pin bar effectively, traders typically look for Strong Rejection: The tail of the pin bar should extend significantly beyond the surrounding price action. It indicates that there was a sharp rejection of higher or lower prices during the trading period. A strong rejection suggests that the market sentiment may be changing.

Introducing the "Super Trend Filter Oscillator," your ultimate trading companion designed to enhance your technical analysis and help you make informed decisions in the financial markets. This innovative oscillator is crafted to provide valuable insights into market trends and price movements, assisting traders like you in identifying potential entry and exit points. Features: Trend Identification: The Super Trend Filter Oscillator excels in detecting prevailing market trends, whether they are b

The indicator that shows the countdown to the change of candles is equipped with an alert when the bar changes (the alert is not active if installed on the M1 time frame). Displays seconds if installed in time frame M1, displays minutes and seconds if installed in time frame above M1, and displays hours and minutes if installed in time frame h1 and above. The time displayed is calculated based on the running time.

A professional tool for trading - the divergence indicator between the AO and the price, which allows you to receive a signal about a trend reversal in a timely manner or catch price pullback movements (depending on the settings). The indicator settings allow you to adjust the strength of the divergence due to the angle of the AO peaks and the percentage change in price, which makes it possible to fine-tune the signal strength. The indicator code is optimized and is tested very quickly as part

True Days is a tool designed specifically for the trader who wants to catch intraday volatility in price charts.  True day makes it easier for the trader to avoid trading in the dead zone - a period in time where markets are considered dead or non volatile. The trader can concentrate on finding opportunities only during periods of profound market movements. By default the indicator gives you a true day starting at 02:00 to 19:00 hours GMT+2. You can adjust according to your Time Zone. By deafult

Volume Weighted Average Price (VWAP) is a trading benchmark commonly used by Big Players that gives the average price a Symbol has traded throughout the day. It is based on both Volume and price. Additionally we put in this indicator the MVWAP (Moving Volume Weighted Average Price). For those who do not know the usage and the importance od this indicator I recommend a great article about this subject at Investopedia ( https://www.investopedia.com/articles/trading/11/trading-with-vwap-mvwap.asp )

Developed by Jack Hutson in the 80's, the Triple Exponential Moving Average (a.k.a. TRIX ) is a Momentum technical indicator that shows the percentage of change in a moving average that has been smoothed exponentially 3 times. The smoothing process was put in place in order to filter out price movements that are considered insignificant for the analysis period chosen. We at Minions Labs found hard to follow the smoothness of the original TRIX line, so we colored the TRIX line with BUY and SELL t

The Market Momentum indicator is based on the Volume Zone Oscillator (VZO), presented by Waleed Aly Khalil in the 2009 edition of the International Federation of Technical Analysts journal, and presents a fresh view of this market valuable data that is oftenly misunderstood and neglected: VOLUME. With this new approach of "seeing" Volume data, traders can infer more properly market behavior and increase their odds in a winning trade. "The VZO is a leading volume oscillator; its basic usefulnes

A simple price action indicator to highlight inside and outside bars (candles) with colors. It is possible to choose what type of bar can be highlighted among: inside, ouside or both. It is can be possible to choose a first specific color for the shadow and the border of bars (candles), a second specific color for high/bull bar (candle) and a third specific color for down/bear bar (candle)

This indicator is especially for the binary trading. Time frame is 1 minutes and exp time 5 or 3 minutes only. You must be use martingale 3 step. So you must put lots size is 10 % at most. You should use Mt2 trading platform to connect with my indicator to get more signal without human working. This indicator wining rate is over 80% but you may get 100% of profit by using martingale 3 step. You should use MT2 Trading Platform to connect meta trader platform and binary platform . You can get mt2

To download MT4 version please click here . The Volume Oscillator measures volume by analyzing the relationship between two Moving Averages. The Volume Oscillator indicator subtracts a fast MA from slow MA. The fast and slow MA periods are configurable via input tab. Volume indicators are an ingredient of trading systems to avoid entry in thin liquidity markets. Having set a threshold on Volume Oscillator you can avoid entering chop. Buffers are available to access via EA.

StopLevel   The meter controls the STOPLEVEL level. When the level changes, it signals with an alert. STOPLEVEL - the   minimum offset in points from the current closing price for placing Stop orders, or the minimum allowable stop loss / take profit level in points. A zero value of STOPLEVEL means either the absence of a restriction on the minimum distance for stop loss / take profit, or the fact that the trading server uses external mechanisms for dynamic level control that cannot be transmitte

This indicator shows the breakeven line level for the total number of open positions of the current symbol with P/L value and total volume. This indicator is helpful to decide the exit level when using a trading grid strategy. The style of the breakeven line is customizable to choose the color, line shape and font size of the positions description. Send mobile notification when crossing a positive P/L target

Very simple, yet powerful, indicator that helps you get notified every time a candle touches your trend line, horizontal line, and/or your rectangular. Powerful indicator yet very simple to use! All you need to do is draw your MT5 trend lines, horizontal lines, and/or rectangles and SmartLine takes care of notifying you the moment the current price touches one of your key levels! No brainer If you like the indicator, please leave a review and share the tool with your peers. WARNING: Please use t

I present the well-known Moving Average indicator. This indicator is presented as a channel, where the upper and lower lines are equidistant from the main line by a percentage set by the user. The indicator is easy to use. The basic settings of the moving average have been saved and a percentage parameter (Channel%) has been added. Basic parameters: Channel% - shows how much we want to deviate from the main line. The indicator is freely available.

This indicator show Gann Swing Chart (One Bar) with multi layer wave. 1. Wave layer   F1: Gann waves are drawn based on candles. SGann wave(Swing of Gann) is drawn based on Gann wave of wave layer   F1. 2. Wave layer F2: Is a Gann wave drawn based on the SGann wave of wave layer F1. SGann waves are drawn based on Gann waves of wave layer   F2. 3. Wave layer F3: Is a Gann wave drawn based on the SGann wave of wave layer F2. SGann waves are drawn based on Gann waves of wave layer   F3. ---------Vi

For those who love to follow Volume behavior here it is a little indicator that could be used as a replacement for the old and standard MT5 built-in volume indicator. The trick here is that this indicator paints the volume histogram based on the direction of the candle giving to the trader a quick "Heads Up" on what is happening, visually! It could be used to study and see  for instance, the volume and past bars volume during (or, reaching) a peak (Tops and Bottoms). UP candles are shown in pale

Highly configurable Moving average indicator. Features: Highly customizable alert functions (at levels, crosses, direction changes via email, push, sound, popup) Multi timeframe ability Color customization (at levels, crosses, direction changes) Linear interpolation option Works on strategy tester in multi timeframe mode (at weekend without ticks also) Parameters: MA Timeframe:  You can set the lower/higher timeframes for Ma. MA Bar Shift:  Y ou can set the offset of the line drawing. MA Perio

A personal implementation of a famous trend principle known as higher high, higher close, lower low, lower close (HHHC - HHHL). It uses price action alone to determine trend direction, trend changes and pullback zones.  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Customizable breakout period Customizable colors and sizes It is non-repainting and non-backpainting It implements alerts of all kinds The indicator defines three price zones: Buy zones are blue Sell zon

This indicator draws the Donchian Channel, filling the background with colors. The color of the middle line is changed following the current trend, based on the standard interpretation of the Donchian Channel. Input Parameters: Period of the Channel   (default is 20) Validate Signals   (boolean value to filter out false breakouts, default is false) Background Settings Show Background   (default is true) U ptrend Color (default is DodgerBlue ) Downtrend Color (default is Orchid) Background Tr

The Visual Result Calculator Indicator is a powerful tool designed to enhance your trading experience on the MetaTrader platform. This intuitive and user-friendly indicator allows you to visualize potential profits or losses on a trading chart, helping you make better-informed decisions and manage your trades with precision.  The Indicator displays a dynamic line on the trading chart, representing the potential profit or loss of a trade based on the start and end of the line.    Simply click and

AliSession Highlight is an indicator that highlights a specific period of time according to your preferences. It can help you gain a clear vision of price movements into a specific session, the range of a session, and also to easily identify the high and low of the session. You can use it on any currency pairs, indices, and any timeframes. Settings: Start Hour: Set the hour to initiate the session highlight. Start Min: Set the minute for the start of the session highlight. End Hour: Specify the

For those traders and students who follow the famous brazilian trader Igor Rodrigues (Mago Trader) here it is another tool he uses: a 2-line MACD specially set with Phi ratios. This MACD is packed with a twist: a Filling Area , to easily and visually spot the corresponding trend on the chart. Obviously, you can turn On and Off this filling feature. If you don't know Igor Rodrigues and you are a brazilian trader and student, just google for him... Very simple and useful indicator. If you are lo

Trend Panel is a simple convenient tool that will display a confirmed trending direction of timeframes M1 - D1 using ten pairs chosen by the user. The indicator is designed to add confirmation of direction into any strategy/template and then also work as a clean interactive interface to quickly change the chart to a different pair or timeframe. Group chat : https://www.mql5.com/en/users/conorstephenson Please contact me after your purchase for set up advice and a free Expert Advisor! My produc

XE Forex Strengh Indicator MT5 displays visual information about direction and strength of a signal for current pair and chosen timeframes (M5, M15, M30 and H1). Calculations are based on multiple factors and results are shown as a colored panel with scale bar, numerical values and arrows. There are also displayed values of current price and spread on the pair. There can be activated an alert (as a mail or pop-up window with sound) for each available timeframes which send a message when the dir

Indicator introduction: The indicator draws trend line and histogram, It has small price lag, and has no future functions, the signals will not drift. When the market is under inter-area oscillations, If the indicator appears red and green histogram, this is a low price zone, if the indicator appears magenta and yellow histogram , this is a high price zone. It can also be used to analyze market's trend according to the high and low price zone. The indicator can send emails, alerts and notifica

El indicador "Time Broker Deriv" está diseñado específicamente para su uso en los índices sintéticos Boom y Crash, así como en otros pares de trading disponibles en la plataforma MT5. Su función principal es proporcionar la hora del broker en comparación con nuestra hora local. Es importante destacar que el indicador "Time Broker Deriv" solo muestra la hora del broker.

It makes it easier to see where there have been consolidation zones for previous prices and allows you to highlight the histogram where there is the biggest consolidation zone. Input parameters Intervalo de preço Is the price between the histograms Periodo Number of candle sticks to be analyzed Porcentagem Highlights the histogram where there is minimal consolidation in relation to the analyzed period

The name Aroon means “ Dawn's Early Light ” in Sanskrit. His creator Tushar Chande chose this name because the indicator is designed to catch the beginning of a new trend. At first sight it seems a little confusing all those jagged lines but after you understand the basics of it, you will find this indicator pretty cool and use it in a variety of ways, i.e.: Trigger, Trend Filtering System, and so on. The Aroon indicator was created in 1995 so it is a "modern" indicator compared to the Jurassic