Indicators for MetaTrader 5 (MT5)

mr.traderAugust 8, 2023

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UltraRSI trend indicator for MT5

UltraRSI indicator belongs to the large and popular Ultra family, which started with the once popular Ultra-Trend indicator. The basis of this filter for MT5 terminal is RSI (Relative Strength Index), the analysis of multiple signal lines of which show the activity and phase of trend movement. The basis for building the indicator is the StartLength parameter, which determines the value of the first signal line. Further, the RSI period is changed with Step by the formula SignalPeriod(Number) = StartLength + Number * Step, where Number changes from 0 to the StepsTotal parameter. All the values obtained during the calculation are recorded in an array and participate in the calculation of the averaged RSI on each tick. The obtained value is averaged and plotted in the form of a cloud to facilitate...

mr.traderAugust 1, 2023

0 519

Cross MA - trend indicator in MQL5

Cross MA is a simple and elegant indicator for MetaTrader 5 that represents the crossing areas of moving averages. This indicator, written in MQL5, displays two Exponential Moving Average (EMA), with different periods, calculated by closing prices, and colors their crossing ranges with two colors - buy and sell. According to ForTrader.org, the Cross MA indicator in MQL5 will work perfectly in strategies that already use a similar principle. In order not to remember which of the slides should be on top and not to look at the area of their divergence, it is easier to install this indicator on MT5 and make it easier to understand the market signals. Download Cross...

mr.traderAugust 1, 2023

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Fisher indicator for MetaTrader 5

Fisher indicator is a custom program for the MetaTrader trading terminal, in this version it is presented for MT5. In fact, it is a histogram similar to the traditional MACD, which indicates the direction and strength of the trend, as well as the change of trend. According to ForTrader.org, the Fisher indicator for MetaTrader 5 can be used as a regular oscillator, i.e. on the signals of trend change - crossing the zero line, on divergence and on the exit from the specified overbought and oversold zones. It should be noted that the Fisher indicator for MetaTrader 5 uses only data on extremums of a given period and complex mathematical calculations in its construction. Therefore, the only parameter is the period (default = 10), which sets the...

mr.traderJuly 26, 2023

1 1,221

Plombiers - stochastic in channel in price window for MetaTrader 5

We are all used to using the Stochastic indicator, 60% indicator strategies use it or similar custom filters. It is time to look at the familiar Stochastic in a different way and place it in the price chart window in a given channel. According to ForTrader magazine, the situation does not change with this arrangement, but the cycles of currency instruments look completely different. You can customize the Plombiers indicator for MetaTrader 5 in the same way as a regular stochastic, you can also use the usual filter signals - level crossing and main line reversal, divergence. In our opinion, the indicator is interesting and working, which can be used when you are looking for "something new". Download indicator for MT5 Plombiers

mr.traderJuly 25, 2023

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ZigZag on Parabolic with the addition of Fibo levels and channel for MetaTrader 5

ZigZag on Parabolic + Fibo + Channel is a ZigZag indicator built not on the deviation of the price from the last extremum, as in the usual similar filter, but on the Parabolic SAR reading and its intersection with the price chart. As a result, the indicator for MT5 has a shorter delay in determining a new pivot point. In addition, Fibonacci levels, which are built on the basis of three consecutive ZigZag tops, as well as the channel, built on the same points, have been very conveniently built into the filter. As a result, this ZigZag on Parabolic for MT5, according to ForTrader magazine, becomes a very good standalone indicator - strategy, which can be successfully used in medium-term trading. However,...

mr.traderJuly 25, 2023

1 1,056

Hull Moving Average - MT5 Trend Indicator

Hull Moving Average is a trend indicator for MT5 terminal, it is a modification of moving average with the help of Hull algorithm. The indicator changes color when the trend changes, but has, according to fortrader, a strong disadvantage in the form of data redrawing on the current bar, so it is necessary to work either from the opening of a new bar and confirmation of the trend, or according to the location of the chart in relation to the indicator. Hull Moving Average trend indicator for MetaTrader 5 will be a good addition for a long-term strategy, but it is necessary to test it in advance for the selected currency pair and timeframe. Download Hull Moving Average indicator (\MQL5\Indicators\) Download SmoothAlgorithms.mqh library (\MQL5\Include\)

mr.traderJuly 25, 2023

3 508

TimerClosingPeriod - time indicator for opening a new candle for MT5

TimerClosingPeriod is an accompanying indicator that displays the amount of time left until the trading candle closes. The indicator is used in the MetaTrader 5 terminal. According to Fortrader magazine, TimerClosingPeriod will be especially useful when trading manual trading strategies, where you need to open trades on a new candle. Often profits are lost due to missing this point. As a result, the TimerClosingPeriod indicator for MT5 shows the time until the candle closes on the current timeframe - the bottom line, and the time until the hourly chart closes. It is important to know that the indicator after closing the terminal can start working incorrectly, the easiest way to solve the problem is to switch to another timeframe and back in the working window. Download TimerClosingPeriod indicator in MT5

mr.traderJuly 25, 2023

0 308

XRSX Oscillator for MT5

The XRSX indicator for MT5 is a modification of the traditional RSI or Relative Strength Index indicator. However, unlike the popular filter, this version of the oscillator has the ability to change the averaging mechanisms. The user is offered to choose one of ten options: - SMA - simple moving average; - EMA - exponential moving average; - SMMA - smoothed moving average; - LWMA - linear weighted moving average; - JJMA - adaptive averaging using the JMA algorithm; - JurX - ultralinear averaging; - ParMA - parabolic averaging; - T3 - Tillson multiple exponential smoothing; - VIDYA - averaging using Tushar Chande algorithm; - AMA - averaging using Tushar Chande algorithm; -...

mr.traderJuly 22, 2023

0 520

Trade_Time - trading time indicator for MT5

Trading during certain trading hours has become especially popular in recent years. Traders and ForTrader magazine believe that the market changes not only over the years, but also in the time of day, so trading strategies should be adjusted to the trends of different sessions. The Trade_Time indicator for the MetaTrader 5 terminal is designed for those speculators who choose certain hours for their trading. The time allowed for trading is set in the Trade_Time indicator settings by the Trade Starttime and Trade Stoptime parameters, which form a square on the trading chart, the color of which can be set manually. The indicator can be called a convenient accompanying tool for many strategies in MT5, both graphical and fundamental. Download the indicator...

mr.traderJuly 21, 2023

0 668

MT5 Setka Indicator

Simple and convenient indicator for the Metatrader 5 trading terminal "Grid" is exactly what it is called. Most of the information any person perceives through the eyes, visual facts are often processed subconsciously by the brain, making us perform "instinctive" actions. The Setka indicator for MT5 works with this interesting feature of our perception, displaying important components of trading, including the beginning of the period - day, week, month, extremums for these periods, the beginning of trading sessions, etc. In the initial version, the indicator is presented as a grid of "zero" marks, and for constant work requires working with settings. According to the fortrader.org magazine, it can be useful in work, especially...

mr.traderJuly 20, 2023

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Non-drawing SuperZigZag for MT5

ZigZag series indicators are invariable additions to fractal-based chart trading strategies, including Elliott Theory. However, a serious disadvantage of many variations of Zigzag, according to fortrader magazine, is that they are often redrawn. The MT5 SuperZigZag indicator presented to you is an exception to the rule and is not redrawn, i.e. it gives its signal to change the trend once, and each new rising ray will have a constant value of low, and high will follow the trend, and vice versa for the descending ray. In addition MT5 indicator SuperZigZag shows only the so-called "significant movements", the value of which is set either in pips or calculated...

mr.traderJuly 20, 2023

0 349

MT5 BreakoutBarsTrend indicator

MT5 indicator BreakoutBarsTrend is a Forex trend filter and is a modification of the traditional Moving Average. In its work, the BreakoutBarsTrend indicator is built on top of the chart of candlestick bars, making them different colors depending on what readings are given by the moving average. If the trend is downward, it has a red-yellow color, if it is upward, it is blue-gray. The reversal parameter is the distance from the price high and low of the indicator to the muving. In addition, to determine the reversal point, a breakout bar is used, i.e. a bar whose low price is lower than the same indicator of the previous candle for a downtrend, or high is higher than the previous one for an up-trend. The more breakout bars there are in a series, the stronger the trend, the SeriesBuffer parameter...

mr.traderJuly 20, 2023

0 534

MT5 Indicators: Adaptive Laguerre Filter

The Laguerre indicator is one of the most popular and interesting oscillators for the MetaTrader 4 terminal. Not surprisingly, it also appeared for MT5 quite quickly. The Adaptive Laguerre Filter presented before us is a modernized version of the standard indicator. Its main difference from the usual filter is the application of the Laguerre polynomial calculation algorithm of any order. Additionally, there is an opportunity to smooth the oscillator in various ways using the AdaptiveSmooth and AdaptiveSmoothMode parameters, as well as to build a non-adaptive Laguerre indicator using the Length period in bars and the AdaptiveMode parameter equal to 0. A convenient graphical addition for the Adaptive Laguerre Filter indicator for MT5 is the ability to color the filter in different colors depending on the direction of the...

mr.traderJuly 10, 2023

0 1,250

Pivot Point Universal - pivot levels for MetaTrader 5

Pivot Point Universal is an indicator of popular pivot levels for the MetaTrader 5 terminal. Pivot points in general are support and resistance levels built on the previous day's High, Low, Close, Open data. The constructions are formed according to the formulas: Pivot (P) = (H + L + C) / 3 Resistance (R1) = (2 * P) - L Resistance (R2) = P + H - L Resistance (R3) = H + 2 * (P - L) Support (S1) = (2 * P) - H Support (S2) = P - H + L Support (S3) = L - 2 * (H - P) In...

mr.traderJuly 10, 2023

0 349

JMA - Adaptive Moving Average for MT5

The JMA indicator, created many years ago, still leads the class of trend indicators of the moving average type, having the smallest lag in giving signals on changes in the market direction. JMA is an adaptive moving average, so its lag from the beginning of the trend and advance after its end is minimal. This indicator catches the strong movements well and has an acceptable smoothing, convenient for working on fast timeframes and volatile markets. Comment of ForTrader.org: JMA is one of the best moving averages invented to date, so it should be in the new MetaTrader 5 terminal. However, with all its advantages, the JMA has a significant disadvantage...

mr.traderJuly 10, 2023

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FIR filter - indicator for MT5

FIR filter is a trend indicator based on the moving average algorithm, designed for MT5 trading platform. There are a lot of trend indicators based on Moving Average. FIR filter is one more variant of this indicator, which uses Hann Window as a digital filter. Comment of ForTrader.org: the FIR filter indicator, as well as all trend-following slides, has one serious disadvantage - lagging signals. Therefore, before including this indicator into your strategy on MT5, you should carefully select settings for currency pairs available in your arsenal. Download FIR filter indicator for MT5

mr.traderJuly 9, 2023

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The spread on chart indicator for MT 5

Spread on chart is a graphical indicator for the MT 5 terminal, which displays on the open price chart of a currency pair or other instrument the current spread value, stop level (the value of the minimum distance from the current price to possible Stop Loss and Take Profit) and freeze level (the value of the minimum distance from the current price to the order, which has to be modified, canceled or closed). The values of the spread on chart indicator for MT 5 are updated every tick. Comment of ForTrader.org: The market changes every second, and with the introduction of floating spreads, the value of which widens significantly at important trading moments, it is necessary to know on what terms you open a deal, in...

mr.traderJuly 9, 2023

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Stochastic multi-timeframe indicator for MT5

The Stochastic multi-timeframe indicator, written for use in the MT5 platform, is a standard stochastic that has the ability to display data from different timeframes on the same chart. So, for example, you can build a Stochastic multi-timeframe indicator on the M5 timeframe for m1, H4 or Daily. If the timeframe of the indicator is less than the period of the price chart, then of course you can't fit all the data, so the Stochastic is built either by the closing price of the last fully formed bar of a smaller timeframe (Close), or by the opening price of the last bar of a smaller ff. Even if it is not yet formed (Open). The combination of the Stochastic multi-timeframe indicator for MT5 can be any timeframe, even the...

mr.traderJuly 9, 2023

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TrendValue indicator for MetaTrader 5

The TrendValue indicator, written for the MetaTrader 5 trading platform, is a trend indicator superimposed on top of the price chart. The main purpose of TrendValue is to obtain information about the current state of the market, as well as to search for signals to enter in combination with other indicators. The TrendValue indicator for MetaTrader 5 is based on moving averages and ATR, which makes it more sensitive during a flat. The default settings are oriented to M5. Parameters of the TrendValue indicator for MetaTrader 5 - period - period of moving averages used in the work. For higher TF it is recommended to increase. - shiftPercent - indicator shift horizontal shift in percent. - ATRPeriod - period of the ATR indicator, used in...

mr.traderOctober 24, 2022

0 506

CCI Squeeze Multi Timeframe Trading Indicator

CCI Squeeze Multi Timeframe trade indicator is a combination of two well-known indicators CCI and Moving Average, which allows you to estimate the strength of the current market trend, for the trading terminal MetaTrader 5. CCI Squeeze Multi Timeframe indicator allows you to use any type of moving average of the 4 major ones: SMA; EMA; SMMA; LWMA. CCI Squeeze Multi Timeframe indicator supports all standard timeframes from MetaTrader 5, as well as 3 "special": the next timeframe above the one used on the active chart, the second timeframe above the one used on the active chart and the third timeframe above the one used on the active chart. If you use one of these three "special" timeframes, the period will...