Best mt5 indicators that will take your forex trading to the next level to become a profitable trader. Access exclusive forex mt5 indicators that can help you achieve your trading goals.
The Auto Trend Lines MT5 indicator automatically draws trend lines on the chart. This is a fantastic tool for technical analysis, especially if you are a beginner trader. The indicator even generates a trend channel that you may use to identify overbought and oversold levels. Personally, I like trend reversal trades as they allow you...
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Perfect Trend Lines (PTL) is a short-term trend trading indicator. A magenta diamond shape appears when a sell signal is generated. Cyan diamond shape appears for a buy signal. The magenta line can be used as a stop loss. The cyan line provides a tighter stop loss level. This is a MetaTrader 5 (MT5) indicator...
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The Support and Resistance Lines MT5 indicator automatically plots the support and resistance lines at different price levels on the chart. The green lines show the resistance level and the red lines show the support level. How to use this indicator: Trade the “Bounce” – Buy when the price falls towards support. – Sell when...
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The Super Trend MT5 Indicator is a popular trend following technical indicator which is based on price movements and momentum reversals in relation to the Average True Range (ATR). How to trade the indicator: Open a buy order as soon as the Supertrend line changes to green. Set the stop loss on the support below … Read more
The DSS (Double Smoothed Stochastic) indicator applies Exponential Moving Averages (EMAs) of two different periods to a standard Stochastic %K. The components that construct the Stochastic Oscillator are first smoothed with the two EMAs. Then, the smoothed components are plugged into the standard Stochastic formula to calculate the indicator. How to trade the indicator: DSS...
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An RSI divergence indicator signal shows traders when price action and the RSI are no longer showing the same momentum. The RSI shows the magnitude of a price move in a specific timeframe. The RSI is one of the most popular oscillators used in technical analysis. A divergence looks at it in relation to the...
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The Center of Gravity (COG) indicator is a technical indicator used to identify potential turning points in the price as early as possible and to trade on price reversals as soon as they happen. Being a leading indicator, the creator John Ehlers claims zero lag to the price, and the smoothing effect of the indicator...
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The Forex Market Sessions indicator shows the most significant trading sessions of the Forex market, such as London, New York, Tokyo, and Sydney. The sessions are displayed as colored lines on the chart, and the operating hours of the trading sessions are also displayed separately on the chart. In addition, you can adjust the session...
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The CCI Divergence indicator detects bullish and bearish divergences between price and the CCI. A bullish divergence occurs when the price makes new lows while the indicator starts to climb upward. A bearish divergence occurs when the price makes new highs while the indicator starts to go lower. This is a MetaTrader 5 (MT5) indicator … Read more
The MACD Color indicator with default settings 12,26,9 is a histogram used to spot a potential change of a trend easily. When the histogram is green, it indicates a bullish market, and the red histogram indicates a bearish market. This is a MetaTrader 5 (MT5) indicator and works with all currency pairs and all timeframes. … Read more