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Technical Indicators for MetaTrader 5 - 39
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.
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,
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. The features allow you to: change the size and location of the control buttons ( Control buttons size , Control buttons corner ), disable display of opened and closed positions ( Show OPENED , Show CLOSED , Show PENDING ), change colors of arrows and lines for profitable and unprofitable buy and sell positions s
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
Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a secret formula. With only ONE chart it gives Alerts for all 28 currency pairs. Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity! Built on new underlying algorithms it makes it even easier to identify and confirm potential trades.
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
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The 123 Pattern is one of the most popular, powerful and flexible chart patterns. The pattern is made up of three price points: a bottom, a peak or valley, and a Fibonacci retracement between 38.2% and 71.8%. A pattern is considered valid when the price breaks beyond the last peak or valley, moment at which the indicator plots an arrow, rises an alert, and the trade can be placed. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]
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 -
Price Reversion Indicator based on MA shows trend reversals. The indicator algorithm provides highly reliable entry points, and its simple settings allow using it for any symbol and trading style. Signals are generated at the opening of a bar and are not redrawn. Prima analyzes the relative movement of two moving averages (fast and slow) with respect to the price, and determines the moments when the next movement will cause the reversal of the two MAs with a high probability. These points are ma
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
The indicator shows the market turning points (entry points).
Reversals allow you to track rebound/breakout/testing from the reverse side of the lines of graphical analysis or indicators.
Reversals can be an independent signal. The indicator allows you to determine reversals taking into account the trend and without it. You can choose a different period for the movement preceding the reversal, as well as the volatility coefficient. When plotting reversals, the indicator takes into account vola
The ACB Breakout Arrows indicator provides a crucial entry signal in the market by detecting a special breakout pattern. The indicator constantly scans the chart for a settling momentum in one direction and provide the accurate entry signal right before the major move.
Get multi-symbol and multi-timeframe scanner from here - Scanner for ACB Breakout Arrows MT 5
Key features Stoploss and Take Profit levels are provided by the indicator. Comes with a MTF Scanner dashboard which tracks the br
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
The Effort and Result indicator is based on the work of Karthik Marar; a volume spread analysis trader. It compares a price change (Result) to the volume size (Effort) for a certain period. By comparing the effort and result, we can get more information about the future price movement. Both values are normalized and converted to a scale of 0 - 100 % based on a selectable look-back period.
This indicator is also known as the Effort Index.
The law of effort and result The law of effort vs. r
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
This StrongCurrency is a complete trading system based on a variety of technical indicators, moving averages and pivots. Each of those elements can be assessed in defined rules and coefficients (depending on the indicator) providing limitless optimization scenarios for the StrongCurrency. In order to work the StrongCurrency creates a trend strength and entry point signal list display by evaluating these data, that takes data from all symbols. It extrapolates all the information in order to get t
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
Strongest and Weakest Currency Analysis This product shows the strength of the main currencies in FOREX based on average pip gain/loss in different time-frames! Depending on the strength of the currency, the indicator colors changes from blue to red also the orders may also be changed, allowing you to find the strongest and weakest currency at a glance!
Advantages Whatever your trading method and strategy are, it is always important to choose the correct pairs, so this indicator will help you
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
Fibonacci retracement is a method of technical analysis for determining support and resistance levels. The TSO Fibonacci Chains Indicator is different from a simple Fibonacci Retracements indicator in that it provides the targets for each retracement level. In other words, there is an Extension Level (D) for every Retracement Level (C). In addition, if an Extension Level is reached, then a new Fibonacci setup is created automatically. These consecutive Fibonacci setups create a chain that reveal
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
The main advantage of this indicator is filtering of buy and sell signals in the direction of the market impulse and ranking them by strength. Configuration of the indicator is simple and intuitive. All you need to do is to react only to strong signals. Adhere to the money management rules.
Description The Color Stochastic with an analytical panel indicator consists of the Stochastic indicator itself and the information/analytics panel. The indicator provides options for configuring the parame
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
Heiken Ashi Smoothed Strategy is a very simple but powerful system to get forex market trend direction. This indicator is actually 2 indicators in 1 pack, Heiken Ashi and Heiken Ashi Smoothed Moving Average both included. Because HA (Heiken Ashi) and HAS (Heiken Ashi Smoothed) are calculated in the same one system event with necessary buffers and loop only, so it is the FAST, OPTIMIZED and EFFICIENT HA having the combined indicator of MetaTrader 5. You can choose to display HA and HAS in the sam
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
This indicator finds pennants , which are continuation patterns identified by converging trendlines surrounding a price consolidation period. Trades are signaled using a breakout period alongside the formation breakout. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to use Customizable colors and sizes It implements breakout signals It implements alerts of all kinds
Optimal Usage To see pennants of all sizes, which can overlap, load the indicator several tim
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
PowerSignal is a complete trading system based on the ATR technical indicator. This indicator will record the current status of each POWERTREND in every time frame and currency pair analyzed. The PowerSignal creates a trend strength and entry point signal list display by evaluating these data. If there is a full coincidence on any pair an alert will pop up indicating such case. List data includes Symbol, M5-MN1, BuyPercent, SellPercent, LastEntry. The LastEntry shows entry points (periods, price
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
The indicator shows and highlights the chart candles, which are formed as a result of large players entering the market in large volumes. Such candles can also be formed after achieving a certainty on the market, when most of the participants hold positions in the same direction. The movement is likely to continue in that direction after such candles. The indicator highlights the significant candles from the existing ones on the chart; The indicator allows identifying the trends based on candles
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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