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Bar Strength Divergence indicator for MT5

5

Bar Strength Divergence Indicator

BarStrength Indicator is an exclusive indicator to trade Forex, Stocks, Indices, Futures, Commodities and Cryptos.
BarStrength Indicator shows the strength of each candle.
The indicator shows in a separate windows candles relatively to 2 price levels representing resistance and support in the market.
Once candle is near resistance it is highly probable that price movement will change direction and will go down in the next candles.
Once candle is near support it is highly probable that price movement will change direction and will go up in the next candles.
The indicator can also be used to easily spot divergences between real price movement (main chart) and BarStrength indicator movement (indicator window).

The only input of the indicator is :

  • MaxBars: number of candles to be displayed with the indicator

BarStrength indicator can be combined with other oscillators like Stochastic or RSI for confirmation purposes.
The indicator can work with any class of assets: Forex, Stocks, Indices, Futures, Commodities and Cryptos.
The indicator can be used with any time frame.

Other indicators for MT4:
We developed more than 60 indicators and utilities for Metatrader 4 and Metatrader 5.

Indicators for MT5:
All our indicator are developed both for MT4 and MT5.

List of all our indicators:
👉  You can get the complete list of our indicators visiting our profile page.


Avis 1
matador0312
87
matador0312 2022.12.31 08:21 
 

Simply the best divergence tool. No repaint, no bugs! Great Job. 👍👍👍

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2.67 (3)
Golden Spikes Detector Cet indicateur est basé sur une stratégie avancée principalement pour les pics de trading sur les indices Boom et Crash. Des algorithmes complexes ont été mis en œuvre pour détecter uniquement les entrées à forte probabilité. Il alerte sur les entrées potentielles d’achat et de vente. Pour échanger des pics sur le courtier Deriv ou Binary, prenez uniquement les alertes Buy Boom et Sell Cash. Il a été optimisé pour être chargé sur une période de 5 minutes, bien qu'une analy
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TTM Squeeze indicator for MT4
Renaud Herve Francois Candel
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Heiken Color Indicator for MT4
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VWAP indicator for MT4
Renaud Herve Francois Candel
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Market Momentum Alerter for MT4
Renaud Herve Francois Candel
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Matrix indicator for MT4 by ITC
Renaud Herve Francois Candel
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OBOS indicator OBOS Indicator is an exclusive indicator to spot entries based on price action. The OBOS Indicator is both effective and user friendly. Indicator uses simple color codes and levels to indicate Overbought and Oversold conditions. No more headache. The OBOS Indicator will only gives you indication when there are possible entries. Means you only get useful information. Inputs of the indicator are: MaxBars : number of bars to display in your chart Smoothing period : number
Trend Direction ADX indicator for MT4 Trend Direction ADX is part of a series of indicators used to characterize market conditions. Almost any strategy only work under certain market conditions. Therefore it is important to be able to characterize market conditions at any time: trend direction, trend strength, volatility, etc.. Trend Direction ADX is an indicator to be used to characterize trend direction: trending up trending down ranging Trend Direction ADX is based on ADX standard indi
Trend Strength MA indicator Trend Strength MA is a part of a series of indicators used to characterize market conditions. Almost any strategy only works under certain market conditions. Therefore, it is important to be able to characterize market conditions at any time: trend direction, trend strength, volatility, etc. Trend Strength MA is an indicator to be used to characterize trend strength: Up extremely strong Up very strong Up strong No trend Down strong Down very strong Down extremely
Trend Direction Up Down indicator Trend Direction Up Down is part of a series of indicators used to characterize market conditions. Almost any strategy only works under certain market conditions. Therefore it is important to be able to characterize market conditions at any time: trend direction, trend strength, volatility. Trend Direction Up Down is an indicator to be used to characterize trend direction (medium term trend): trending up trending down ranging Trend Direction Up Down is ba
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matador0312
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matador0312 2022.12.31 08:21 
 

Simply the best divergence tool. No repaint, no bugs! Great Job. 👍👍👍

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Version 1.10 2023.07.04
New compilation