The Renko MT5 indicator is a chart indicator that primarily analyzes price movements using Renko bar charts. The real Renko charts are not available on the standard MT5 platform, thus the Renko indicator splits the screen to show the original Renko bar chart on top and the current MT5 platform chart type on the bottom. … Read more
The Hull Trend MT5 indicator is a moving average indicator that does not draw a line. Instead, it is shown as colors directly on the price candles on the chart. While the moving average’s values are also visible, it can provide a good understanding of price movement. However, if the indicator is set up correctly, … Read more
The Auto Fibonacci MT5 Indicator (or Auto Fibos) automatically detects two key price reversal points on a chart and draws Fibonacci lines between them. The Auto Fibos indicator finds two extreme price points on a chart and divides the vertical distance by the Fibonacci ratios. The starting point of the retracement is 0.00 percent, while … Read more
The Elliott Wave Oscillator MT5 indicator is a momentum oscillating indicator created primarily to show price momentum and to detect specific waves within the Elliot Wave theory based on the outcomes of this momentum. While the Elliott Wave Oscillator indicator seems to be simply another variation of the MACD at first glance, Elliott wave traders … Read more
The Pivot Points MT5 indicator is a strictly price action based technical indicator that use formulas to identify the market’s general trend across a range of time periods. Futures traders were the first ones to use it. Since then, it has spread to other financial markets, such as the currency markets. The Pivot Point is … Read more
Trend or Range MT4 Indicator shows you whether a pair is trending or ranging. It shows ADX and CCI values for multiple timeframes to help you decide which trading technique to use. Sometimes you’ll see short-term trends against the H4 and D1 trend. However, trading with the long-term trend is the best approach. Green is … Read more
The Hull Moving Average NRP Indicator (HMA) offers traders a highly responsive yet smooth moving average. Unlike traditional moving averages, the HMA minimizes lag, offering quicker entry and exit signals that don’t repaint, meaning they remain fixed once formed. It captures the current state of the market and uses recent price action to determine if … Read more
The Average True Range Stop indicator help traders to spot the trend direction to place trades. The indicator also points out pullbacks that are strong enough to warn that the current trend may be in danger. Before each trade, determine the best settings for the trade. You can do this by adjusting the ATR Stops … Read more
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 Quantile Bands MT4 Indicator attempts to divide the market into equal pieces using quantiles. Those quantiles are displayed by the two outer bands. Using the standard settings of the indicator, those bands show the 10% and the 90% quantiles. Using for example the 10% quantile in this context means that 10% of all values … Read more