The Advanced ADX indicator is a modified version of the Average Directional Index that can be used with any Forex trading system for extra confirmation to enter or exit a trade. How to trade the indicator: If the Advanced ADX forms green histograms within its indicator window, it indicates a bullish signal. If the Advanced … Read more
The VWAP (Volume Weighted Average Price) indicator averages the closing prices during a given time period. At the same time, it puts focus on the periods with higher volume. VWAP is a lagging indicator because it is based on previous data. This is a MetaTrader 5 (MT5) indicator and works with all currency pairs and … Read more
TMA Bands are generated from the Triangular Moving Averages calculated from the underlying’s price. The TMA is, in turn, shifted up and down by a fixed percentage. The bands, thus formed, are termed as High low bands. When the price hits the lower band, it’s a possible reverse Buy signal. When it hits the upper … Read more
The Trend Scanner indicator is a multi-timeframe indicator that will assist traders in quickly identify the current trend of a currency pair. The dashboard displays the trend in 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, daily, weekly, and monthly time frames on a chart. Thus, any trader can immediately assess if the … Read more