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Technical Indicators for MetaTrader 5 - 34
Signals from technical indicators play a crucial role in opening and closing deals on stock and Forex markets. The essence of indicators is a mathematical transformation of a financial symbol price aimed at forecasting future price changes.
Test technical indicators to better predict market behavior and profit from it.
Ultimate Double Top Scanner (Multi Pair And Multi Time Frame) : ---LIMITED TIME OFFER: NEXT 25 CLIENTS ONLY ---46% OFF REGULAR PRICE AND 2 FREE BONUSES ---SEE BELOW FOR FULL DETAILS Any major price level that holds multiple times, is obviously a level that is being defended by
the large institutions. And a strong double top pattern is a clear indication of institutional interest.
Double top patterns are widely used by institutional traders around the world. As they allow you to manage
Ultimate Reversal Scanner (Multi Pair And Multi Time Frame) : ---LIMITED TIME OFFER: NEXT 25 CLIENTS ONLY ---46% OFF REGULAR PRICE AND 2 FREE BONUSES ---SEE BELOW FOR FULL DETAILS Reversal patterns are some of the most widely used setups in the institutional trading world.
And the most (statistically) accurate pattern of them all is called the ' Three Line Strike '. According to Thomas Bulkowski ( best selling author and a leading expert on candlestick patterns ),
the ' Three Line Strike '
Ultimate Range Trade Scanner (Multi Pair And Multi Time Frame) : ---LIMITED TIME OFFER: NEXT 25 CLIENTS ONLY ---46% OFF REGULAR PRICE AND 2 FREE BONUSES ---SEE BELOW FOR FULL DETAILS The FX market is range bound at least 70% of the time. And many of the largest institutions
in the world focus on range trading. Such as BlackRock and Vanguard , who have a combined
$15 TRILLION under management.
Range trading has several distinct advantages that make it safer and more predictable
than mos
Ultimate Pivot Point Scanner (Multi Pair And Multi Time Frame) : ---LIMITED TIME OFFER: NEXT 25 CLIENTS ONLY ---46% OFF REGULAR PRICE AND 2 FREE BONUSES ---SEE BELOW FOR FULL DETAILS For over 100 years (since the late 19th century), floor traders and market makers have used pivot points
to determine critical levels of support and resistance. Making this one of the oldest and most widely used
trading approaches used by traders around the world.
Due to their widespread adoption, pivot point
Ultimate Consecutive Bar Scanner (Multi Pair And Multi Time Frame) : ---LIMITED TIME OFFER: NEXT 25 CLIENTS ONLY ---46% OFF REGULAR PRICE AND 2 FREE BONUSES ---SEE BELOW FOR FULL DETAILS Unlike the equity markets which tend to trend for years at a time, the forex market is a stationary time series.
Therefore, when prices become severely over extended, it is only a matter of time before they make a retracement.
And eventually a reversal. This is a critical market dynamic that the institution
Full Market Dashboard (Multi Pair And Multi Time Frame) : ---LIMITED TIME OFFER: NEXT 25 CLIENTS ONLY ---46% OFF REGULAR PRICE AND 2 FREE BONUSES ---SEE BELOW FOR FULL DETAILS One of the biggest advantages the institutions have, is their access to enormous amounts of data.
And this access to so much data, is one of the reasons they find so many potential trades.
As a retail trader, you will never have access to the same type (or amount) of data as a large institution.
But we created this
Round Numbers And Psychological Levels (Multi Pair And Multi Time Frame) : ---LIMITED TIME OFFER: NEXT 25 CLIENTS ONLY ---46% OFF REGULAR PRICE AND 2 FREE BONUSES ---SEE BELOW FOR FULL DETAILS Studies show that more orders end in '0' than any other number. Also know as 'round numbers', or 'psychological levels',
these levels act as price barriers where large amounts of orders will generally accumulate. And the larger the number,
the larger the psychological significance. Meaning that even
The Expert Advisor and the video are attached in the Discussion tab . The robot applies only one order and strictly follows the signals to evaluate the indicator efficiency. Pan PrizMA CD Phase is an option based on the Pan PrizMA indicator. Details (in Russian). Averaging by a quadric-quartic polynomial increases the smoothness of lines, adds momentum and rhythm. Extrapolation by the sinusoid function near a constant allows adjusting the delay or lead of signals. The value of the phase - wave s
The AIS Weighted Moving Average indicator calculates weighted moving average, allowing to determine the beginning of market trend. Weights are calculated taking into account the specific characteristics of each bar. This allows filtering random market movements. The main signal, confirming the beginning of a trend, is change in the direction of indicator line movement and the intersection of the indicator lines with the indicator price. WH (blue line) - the weighted average High price. WL (red l
D-Channel is a technical indicator defining the current Forex market status - trend or flat. The indicator is based on DEMA (Double Exponential Moving Average). The advantage of DEMA is that it eliminates false signals at the saw-toothed price movement and allows saving a position at a strong trend. The indicator can work on any timeframe, though H1 and higher timeframes are recommended to minimize false signals. The indicator displays a channel as lines located above and below the average line.
Stips is a histogram indicator that determines trend direction and strength, as well as trend changes. The indicator can be used as a normal oscillator, i.e. analyze its trend change signals (crossing the zero line), as well as divergence and exit from overbought and oversold zones. The indicator uses extreme prices of previous periods and calculates the ratio between the current price and extreme values. Therefore its only parameter is Period (default is 13), which sets the number of bars to de
F-Channel is a technical indicator defining the current Forex market status - trend or flat. The indicator is based on FRAMA (Fractal Adaptive Moving Average). The FRAMA follows strong trend movements and slows down significantly during price consolidation. The indicator is able to work on any timeframes, but H1 and higher timeframes are recommended to minimize false signals. The indicator displays a channel as lines located above and below the middle line. The upper and lower lines can serve as
Labor is a technical analysis indicator defining trend direction and power, as well as signaling a trend change. The indicator is based on a modified EMA (Exponential Moving Average) with an additional smoothing filter. The indicator works on any timeframe. The uptrend is shown as a blue line, while a downtrend - as a red one. Close a short position and open a long one if the line color changes from red to blue. Close a long position and open a short one if the line color changes from blue to re
Identifying the trend of the market is an essential task of traders. Trendometer implements an advanced algorithm to visualize the trend of the market. The major focus of this indicator is to evaluate the market in the lower time frames (i.e., M1, M5 and M15) for the scalping purposes. If you are a scalper looking for a reliable indicator to improve your trade quality, Trendometer is for you. The indicator runs on a separate window showing a histogram of red and green bars. A two consecutive gre
P-Channel is a technical indicator determining the current Forex market status - trend or flat. The indicator is able to work on any timeframes, but H1 and higher timeframes are recommended to minimize false signals. The indicator displays a channel as lines located above and below the middle line. The upper and lower lines can serve as the resistance and support levels. Sell when the price reaches the upper line, and buy when the price reaches the lower line. It is recommended to use a small st
Exclusive Stairs is a trend indicator for the MetaTrader 5 platform. Its operation algorithm is based on moving averages, processed by special filters and price smoothing methods. This allows the Exclusive Stairs to generate signals much earlier than the conventional Moving Average. This indicator is suitable both for scalpers when used on the smaller timeframes and for traders willing to wait for a couple of days to get a good trade. Exclusive Stairs for the MetaTrader 4 terminal : https://ww
The FRAMA Crossing indicator displays on a chart two FRAMAs (Fractal Adaptive Moving Average) and paints their crossing areas in different colors – blue (buy) and red (sell). FRAMA follows strong trend movements and slows down significantly during price consolidation. The indicator clearly defines the trend direction and power and simplifies the perception of market signals. The indicator can work on any timeframes may be useful in the strategies involving two moving averages' crossing method. T
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
In today’s market, an objective counter trend technique might be a trader’s most valuable asset. Most of the traders in the financial market must be familiar with the name "TD Sequential" and "Range Exhaustion". The Sequential R is a Counter-Trend Trading with Simple Range Exhaustion System. Sequential R is useful to identify trend exhaustion points and keep you one step ahead of the trend-following crowd. The "Sequential R" is designed to recognize profitable counter trend patterns from your ch
Exclusive Oscillator is a new trend indicator for MetaTrader5, which is able to assess the real overbought/oversold state of the market. It does not use any other indicators, it works only with the market actions. This indicator is easy to use, even a novice trader can use it for trading. Exclusive Oscillator for the MetaTrader 4 terminal : https://www.mql5.com/en/market/product/22238 Advantages of the indicator Generates minimum false signals. Suitable for beginners and experienced traders. S
Every indicator has its advantages and disadvantages. Trending ones show good signals during a trend, but lag during a flat. Flat ones thrive in the flat, but die off as soon as a trend comes. All this would not be a problem, if it was easy to predict when a flat changes to a trend and when a trend changes to a flat, but in practice it is an extremely serious task. What if you develop such an algorithm, which could eliminate an indicator's flaws and enhance its strengths? What if such an algorit
This indicator helps to visualize the Bollinger Band status of 28 pairs. With the feature of color panel, alert, and notification features, user can catch the potential Bollinger Bounce opportunities from 28 main pairs on one Dashboard quickly. Dashboard Bollinger Band is an intuitive and handy graphic tool to help you to monitor all 28 pairs and provide trading signals based on the Bollinger Bounce Rules (Overbought/Oversold and Bollinger Band Cross).
Color legend clrOrange: price is above th
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This indicator helps to visualize the Stochastic status of 28 pairs. With the feature of color panel, alert, and notification features, user can catch the potential buy and sell opportunities when the 28 main pairs cross the oversold/overbought area on one Dashboard quickly. Dashboard Stochastic is an intuitive and handy graphic tool to help you to moni
This indicator helps to visualize the RSI status of 28 pairs. With the feature of color panel, alert, and notification features, user can catch the potential buy and sell opportunities when the 28 main pairs cross the oversold/overbought area on one Dashboard quickly. Dashboard RSI is an intuitive and handy graphic tool to help you to monitor all 28 pairs and provide trading signals based on the RSI Rules (Overbought/Oversold and Stochastic Cross).
Color legend clrOrange: RSI signal is above t
This indicator helps to visualize the MACD status of 28 pairs. With the feature of color panel, alert, and notification features, user can catch the potential buy and sell opportunities when the 28 main pairs’ fast EMA cross the slow EMA on one Dashboard quickly. Dashboard MACD is an intuitive and handy graphic tool to help you to monitor all 28 pairs and provide trading signals based on the MACD Rules (Fast EMA Cross Slow).
Color legend clrRed: MACD fast EMA down cross MACD slow EAM and MACD
Dash is a histogram indicator, which measures the rate of price change and determines the overbought and oversold levels. The indicator uses price extremums for the previous periods and calculates the ratio between the current price and extremums. Therefore, the only parameter is Period , which sets the number of bars to determine extremums. A long position can be opened when the red lines of the indicator start leaving the oversold area and break the -1 level upwards. A short position can be op
This indicator helps to visualize the SAR status of 28 pairs. With the feature of color panel, alert, and notification features, user can catch the potential buy and sell opportunities when the 28 main pairs’ SAR dots are switching between the above/below of candles on one Dashboard quickly. Dashboard SAR is an intuitive and handy graphic tool to help you to monitor all 28 pairs and provide trading signals based on the SAR Rules (SAR dots are switching between the above/below of candles).
Colo
The Surge indicator combines the features of trend indicators and oscillators. The indicator measures the rate of price change and determines the overbought and oversold market levels. The indicator can be used on all timeframes and is a convenient tool for detecting short-term market cycles. The indicator uses price extremums for the previous periods and calculates the ratio between the current price and extremums. Therefore, the only parameter is Period, which sets the number of bars to determ
The DEMA Crossing indicator displays the intersection of two DEMA (Double Exponential Moving Average) - fast and slow. The intersection area is filled in blue, when the fast DEMA is above the slow DEMA. The intersection area is filled in red, when the fast DEMA is below the slow DEMA. The advantage of the DEMA moving average is that it eliminates false signals at the saw-toothed price movement and allows saving a position at a strong trend. The indicator clearly defines the trend direction and p
"Battles between bulls and bears continue to influence price development long after the combat has ended, leaving behind a messy field that observant technicians can use to manage risk and find opportunities. Apply "trend mirror" analysis to examine these volatile areas, looking for past action to impact the current trend when price turns and crosses those boundaries." RSI Mirrors and Reflections is a robust technique using multiple RSI periods, mirrors and reflections based on RSI values to ind
Introduction The "Two Moving Average Crossover" indicator for MetaTrader 5 (MT5) is a technical analysis tool that displays two moving averages and notifies when the moving averages cross each other. The indicator calculates and plots two moving averages, one of which is faster and the other is slower. When the faster moving average crosses above the slower moving average, it is considered a bullish signal, indicating a potential trend reversal or the start of a new uptrend. Conversely, when th
FFx Universal Strength Meter PRO is more than a basic strength meter. Instead of limiting the calculation to price, it can be based on any of the 19 integrated strength modes + 9 timeframes. With the FFx USM, you are able to define any period for any combination of timeframes. For example, you can set the dashboard for the last 10 candles for M15-H1-H4… Full flexibility! Very easy to interpret... It gives a great idea about which currency is weak and which is strong, so you can find the best pai
The AIS Advanced Grade Feasibility indicator is designed for forecasting levels that a price can reach in future. Its operation is based on the analysis of the last three bars and creating the forecast. The indicator can be used on any timeframe and any currency pair. Using settings, you can achieve the desired quality of the forecast. Depth of forecast - sets the desired depth of forecast in bars. The recommended values for these parameters are 18-31. You can try beyond this range. But in this
The Trend Sight indicator shows the Moving Average's percent change from the current bar to the other selected bar allowing you to track the smoothed price change rate, as well as trend strength and change. The uptrend is shown as a blue indicator line, while a downtrend is displayed in red. Close a short position and open a long one if the line color changes from red to blue. Close a long position and open a short one if the line color changes from blue to red. You should use a tight stop loss,
The Trend Sign indicator is a modification of the MACD indicator (Moving Average Convergence Divergence), which allows determining the direction and strength of the trend, as well as a trend change. The indicator is based on two moving averages - fast and slow, and it can work on any timeframe. Uptrends are shown by blue color of the indicator line, downtrends by the red color. Close a short position and open a long one if the line color changes from red to blue. Close a long position and open a
The DEMA Trend indicator is based on two DEMA (Double Exponential Moving Average) - fast and slow. The advantage of the DEMA moving average is that it eliminates false signals at the saw-toothed price movement and allows saving a position at a strong trend. The indicator allows determining the direction and strength of the trend, and it can work on any timeframe. Uptrends are shown by blue color of the indicator line, downtrends by the red color. Close a short position and open a long one if the
Be notified of every color change of Heiken Ashi (HA) candles. The indicator will trigger past and new signals every time that HA candles change their colors. ( Note : this tool is based on the code of Heiken Ashi indicator developed by MetaQuotes Software Corp.)
Features The signals are triggered at closing of last bar/opening of a new bar; Any kind of alerts can be enabled: Dialog Box, Email message, SMS notifications for smartphones and tablets, and Sound alerts; By default, up arrows are p
The indicator is designed to measure the price volatility. This allows determining the moments for opening or closing trade positions more accurately. High intensity of the market indicates the instability of its movement, but allows for better results. And, conversely, low intensity of the market indicates the stability of its movement.
Parameters Bars to process - the number of bars to measure the price movements. A low value of this parameter allows determining the moments of rapid price mo
This indicator uses the Fibonacci p-numbers to smooth a price series. This allows combining the advantages of the simple and exponential moving averages. The smoothing coefficients depend on the level of the p-number, which is set in the indicator parameters. The higher the level, the greater the influence of the simple moving average and the less significant the exponential moving average.
Parameters Fibonacci Numbers Order - order of the Fibonacci p-number, specified by trader. Valid values
The FFx Watcher PRO is a dashboard displaying on a single chart the current direction of up to 15 standard indicators and up to 21 timeframes. It has 2 different modes: Watcher mode: Multi Indicators User is able to select up to 15 indicators to be displayed User is able to select up to 21 timeframes to be displayed Watcher mode: Multi Pairs User is able to select any number of pairs/symbols User is able to select up to 21 timeframes to be displayed This mode uses one of the standard indicators
The indicator is based on the analysis of interaction of two filters. The first filter is the popular Moving Average. It helps to identify linear price movements and to smooth minor price fluctuations. The second filter is the Sliding Median. It is a non-linear filter. It allows to filter out noise and single spikes in the price movement. A predictive filter implemented in this indicator is based on the difference between these filters. The indicator is trained during operation and is therefore
FFx Patterns Alerter gives trade suggestions with Entry, Target 1, Target 2 and StopLoss .... for any of the selected patterns (PinBar, Engulfing, InsideBar, OutsideBar) Below are the different options available: Multiple instances can be applied on the same chart to monitor different patterns Entry suggestion - pips to be added over the break for the entry 3 different options to calculate the SL - by pips, by ATR multiplier or at the pattern High/Low 3 different options to calculate the 2 TPs -
AnotherSymbol displays the relative movement of another symbol on the current chart as candlesticks, High/Low or Close lines. The plotted chart is aligned to the selected Moving Average and scaled by the standard deviation. When sing this data representation the trader should focus not on the absolute values, but on the behavior of the price relative to the Bollinger bands. Another Symbol provides additional opportunities in the pair strategies and cross rates trading.
Main Parameters SYMBOL -
This indicator detects IDRN4 and IDNR7 two powerful patterns on 28 pairs on new daily bar. IDNR4 is the acronym for "Inside Day Narrow Range 4" where "Inside Day" is a lower high and higher low than the previous bar and "Narrow Range 4" is a bar with the narrowest range out of the last 4 bars so "Narrow Range 7" out of the last 7 bars. Hence, ID/NR4 and better ID/NR7 are an objective criterion for identifying days of decreased range and volatility. Once we find an ID/NR4 or an ID/NR7 pattern, we
This simple indicator helps defining the most probable trend direction, its duration and intensity, as well as estimate the possible range of price fluctuations. You can see at a glance, at which direction the price is moving, how long the trend lasts and how powerful it is. All this makes the indicator an easy-to-use trend trading system both for novice and experienced traders.
Parameters Period - averaging period for the indicator calculation. Deviation - indicator deviation. Lag - calculati
Trading patterns on Forex is considered to be the highest level of trading, since it usually requires years of mastering various patterns (shapes and candle combinations) and the ways they affect the price. Patterns are different combinations of Japanese candles on a chart, shapes of classical technical analysis, as well as any regularities of the market behavior repeating many times under the same conditions. After the patterns appear on a chart, the price starts behaving in a certain way allow
Shows whether market is trending or not, to what extent, which direction, and if the trend is increasing. The indicator is very useful for trend following strategies, where it can filter out flat/choppy markets. The indicator can also alert when the market transitions from being flat to trending, which can serve as a great trade entry point. The alert is controllable directly from the chart, via a tick box. Also, the product includes bonus indicators of the current spread and ask/bid prices in l
T-Channel is a technical indicator defining the current Forex market status - trend or flat. The indicator is based on TEMA (Triple Exponential Moving Average). The advantage of the TEMA is that it provides a smaller delay than a moving average with a single or double smoothing. The indicator is able to work on any timeframes, but H1 and higher timeframes are recommended to minimize false signals. The indicator displays a channel as lines located above and below the middle line. The upper and lo
The TEMA Trend indicator is based on two TEMA (Triple Exponential Moving Average) - fast and slow. The advantage of the TEMA is that it provides a smaller delay than a moving average with a single or double smoothing. The indicator allows determining the direction and strength of the trend, and it can work on any timeframe. Uptrends are shown by blue color of the indicator line, downtrends by the red color. Close a short position and open a long one if the line color changes from red to blue. Cl
This indicator studies the price action as a combination of micro-trends. All micro-trends are analyzed and averaged. Price movement is filtered based on this averaging. IP_High and IP_Low (blue and red dashed lines) show the instantaneous price movement. They display the forecast only for the current price values, taking into account only the number of bars defined by the 'Filter level' parameter. SP_High and SP_Low (blue and red solid lines) smooth the price movements with respect to history.
The on-balance volume indicator (OBV) is a momentum indicator and was developed in 1963 by Joseph E. Granville. The OBV shows the importance of a volume and its relationship with the price. It compares the positive and negative volume flows against its price over a time period. To provide further confirmation that a trend may be weakening, Granville recommended using a 20-period moving average in conjunction with the OBV. As a result, OBV users could then observe such events more easily by notin
This indicator predicts the nearest bars of the chart based on the search of up to three best coincided patterns (a sequence of bars of a given length) in the history of the current instrument of the current timeframe. The found patterns are aligned with the current pattern at the opening price of the current (last) bar. The predicted bars are bars following immediately for patterns found in history. Pattern search is performed once every time a new bar of the current timeframe opens. The i
i-Orders is a simple indicator to monitor your own trade/analyze others' trades. I use it for a long time and do not imagine a chart without these arrows, lines and trade result numbers.
Features
disable display of opened and closed positions ( Show OPENED , Show CLOSED , Show PENDING ), change colors of arrows and lines for profitable and loss-making buy and sell positions separately ( Color for profitable/ losing BUYs/SELLs ), change style and width of the lines connecting deal open a
TCD (Trend Convergence Divergence) is based on the standard MACD indicator with modified calculations. It displays the trend strength, its impulses and rollbacks. TCD consists of two histograms, the first one shows the main trend, while the second done displays the impulses and rollbacks. The advantages of the indicator include: trading along the trend, entering the market when impulses occur, trading based on divergence of the main trend and divergence of the rollbacks.
Input parameters Show_
This indicator connects past price points drawing diagonals and trend lines, which converge in the future creating hidden reversal points. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Find hidden reversal points Spot convergence zones easily Dense criss-cross zones are reversal points Configurable amount of lines and price points Configurable colors
How to use the indicator The indicator draws several lines on the chart, and where many of these lines converge an
The Envelopes indicator determines the presence of a trend or flat. It has 3 types of signals, shows the probable retracement levels and levels of the possible targets. The Fibonacci coefficients are used in the indicator's calculations. Signals (generated when touching the lines or rebounding from lines): Trend - the middle line of the Envelopes has a distinct inclination; the lines below the channel's middle line are used for buy trades, the lines above the middle line and the middle line
A visually-simplified version of the RSI. The Relative Strength Index (RSI) is a well known momentum oscillator that measures the speed and change of price movements, developed by J. Welles Wilder. Color-coded bars are used to quickly read the RSI value and history.
Features Find overbought and oversold situations at a glance. The indicator is non-repainting. The indicator can be easily used as part of an EA. (see below)
Basic Strategy Look for shorts when the indicator is overbought. Look f
This indicator combines double bottom and double top reversal chart patterns together with RSI divergence detection.
Features Easily detect strong reversal signals. Allows to use double top/bottom and RSI divergence signals combined or independently. Get email and/or push notification alerts when a signal is detected. Custom colors can be used. The indicator is not repainting. Can easily be used in an EA. (see below)
Inputs ENABLE Double Top - Bottom: Enable the double top - bottom indicator
The indicator looks for the "Fifth dimension" trade signals and marks them on the chart. A detailed description of the chart patterns that generate the trade signals can be found in Chapter 8 "The Balance Line Trades" in the book Williams' "New Trading Dimensions". Signal levels with indication of the position entry or stop loss placement price are indicated directly on the chart. This feature creates additional convenience for the trader when placing pending orders. A solid horizontal line is d
Think of the rarest pair you can think of. And I assure you that this indicator can compute it is strength. This Currency Meter will literally calculate any currency pairs, either it is a major pair, metal, CFD, commodity, cryptocurrency like Bitcoin/BTC or Ethereum/ETH and even stocks. Just name it and you will get it! There is no currency pair this Currency Meter cannot solve. No matter how rare or exotic is that currency, it will always be solved by this Currency meter on a real-time basis. S
The TSO Currency Trend Aggregator is an indicator that compares a selected currency's performance in 7 different pairs. Instantly compare how a currency is performing in 7 different pairs. Easily get confirmation of a currency's strength Combine the indicator for both currencies of a pair to get the total view of how strong/weak each currency is. The trend is classified as positive (green), negative (red) or neutral (grey). Can easily be used in an EA (see below)
Currencies EUR USD GBP JPY AUD
Professional traders know that a reversal in market price is the best entry points to trade. The trend changes K line state changes the most obvious. The SoarSignal is good to identify these changes, because we have incorporated the KDJ indicators. It is the closest to the K line state of the indicators. The two lines of KDJ Winner move within a range of 0 and 100. Values above 80 are considered to be in overbought territory and indicate that a reversal in price is possible. Values below 20 are
The indicator calculates the price of the trading instrument based on the RSI percentage level. The calculation is performed by Close prices, so that we can quickly find out the price, at which RSI shows the specified percentage level. This allows you to preliminarily place stop levels (Stop Loss and Take Profit) and pending orders according to significant RSI points with greater accuracy. The indicator clearly shows that RSI levels constantly change, and the difference between them is not fixed
MetaTrader 4 version available here : https://www.mql5.com/en/market/product/24881 FFx Basket Scanner is a global tool scanning all pairs and all timeframes over up to five indicators among the 16 available. You will clearly see which currencies to avoid trading and which ones to focus on.
Once a currency goes into an extreme zone (e.g. 20/80%), you can trade the whole basket with great confidence. Another way to use it is to look at two currencies (weak vs strong) to find the best single pair
This is Gekko's Cutomized Relative Strength Index (RSI), a customized version of the famous RSI indicator. Use the regular RSI and take advantage two entry signals calculations and different ways of being alerted whenever there is potential entry or exit point.
Inputs Period: Period for the RSI calculation; How will the indicator calculate entry (swing) signals: 1- Produces Exit Signals for Swings based on RSI entering and leaving Upper and Lower Levels Zones; 2- Produces Entry/Exit Signals fo
It is an analogue of the indicator of levels at https://www.mql5.com/en/market/product/24273 for the MetaTrader 5 platform. The indicator shows the levels of the past month, week and day. In addition, it draws a level in percentage relative to the difference between the High and Low of the past month and week. For the daily levels of the past day, the Close levels are additionally displayed. All you need to do is to configure the display parameters of the levels to your liking. In some cases, af
This indicator implements the process of simple linear smoothing. One of the disadvantages of exponential smoothing is the rapid attenuation of the signal. This does not allow for a full-fledged monitoring of long-term tendency of a price series. Linear smoothing allows fine-tuning the signal filtering. The indicator is configured by selecting the parameters: LP - period of smoothing. The higher the value, the more long-term tendencies are displayed by the indicator. Valid values are from 0 to 2
This is Gekko's Cutomized Cutomized Average Directional Index (ADX), a customized version of the famous ADX indicator. Use the regular ADX and take advantage two entry signals calculations and different ways of being alerted whenever there is potential entry or exit point.
Inputs Period: Period for the ADX calculation; PlotSignalType: How will the indicator calculate entry (swing) signals: 1- ShowSwingsOnTrendLevel : Show Signals for Trend Confirmation Swings; 2- ShowSwingsOnTrendLevelDirectio
The indicator displays the price lines calculated based on the prices for the previous period. The lines can be used by traders as the support and resistance levels, as well as for determining the market entry or exit points, partial profit taking points. A distinct feature of the indicator is the ability to display up to six different price levels, which allows showing the support and resistance lines based on different periods on the same chart. For example, it is possible to show the Highs an
Type: Trend This is Gekko's Customized Parabolic SAR, a customized version of the famous Parabolic SAR indicator. Use the regular SAR and take advantage of different ways of being alerted whenever there is potential entry or exit point.
Inputs Step: Acceleration Factor (AF), default is 0.02. It means it increases by 0.02 each time the extreme point makes a new high or low. AF can reach a maximum of "x" based on the second parameter below, no matter how long the trend extends; Maximum: Extreme
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