Trend Power and Direction Indicator for MT5
Introduction to the Trend Power and Direction Indicator Momentum breakouts are one of the most effective types of trade entries. These trade entries often result in strong run moving in the direction of the momentum breakout. The Trend Power and Direction Indicator is a trading tool developed to help traders capture trading opportunities based on […]
Donchian Channels System Indicator for MT5
Introduction to the Donchian Channels System Indicator Price action traders identify trend direction based on the patterns of the price swings, whether price action is forming higher or lower swing highs and swing lows. The Donchian Channels System Indicator is a momentum indicator which is based on the same concept using breakouts from prior price […]
Five Pattern Indicator for MT5
Introduction to the Five Pattern Indicator “M” and “W” Wave Patterns are price patterns identified by A. Merrill, which may predict how and where price would move next. These patterns are typically five-pointed patterns which are based on the swing highs and swing lows. The Five Pattern Indicator is a trading tool which is based […]
Master Grid MT5: Basic Strategy – Other – 28 January 2023
Reopening closing positions [key features] Buy for MetaTrader 5 >> Master Grid MT5 Automatic creation and maintenance of BUY and SELL grids consisting of pending orders and positions placed at a given step in any direction from the initial prices. Each of these grids can exist separately and has completely independent settings. Automatic placement of […]
Master Grid MT5: Time Control – Other – 28 January 2023
Trading with a TIME Limit [ Start – Finish ] Buy for MetaTrader 5 >> Master Grid MT5 Trade only within a specified time range Trade only outside the specified time range Simultaneous launch of the advisor on different instruments with different settings for different times. Different magic numbers must be used. Trading on a […]
Master Grid MT5: Price Range Control – Other – 28 January 2023
Trading within a given Price Range [entry and exit at given prices] Buy for MetaTrader 5 >> Master Grid MT5 Types of supported price ranges Trading between two given price limits (upper and lower) Trading with only one set price limit (trading is only allowed below or above the set price) Trading without set price […]
Price Alert Indicator for MT5
Introduction to the Price Alert Indicator Many traders do not want to sit in front of their price charts all day waiting for price to reach the levels where they think price may reverse or breakout. Price Alert Indicator allows traders to avoid wasting their time watching price charts all day. Instead, it notifies traders […]
Double Stochastic RSI Indicator for MT5
Introduction to the Double Stochastic RSI Indicator Oscillators which are bound within a fixed range are often effective for identifying potential mean reversals. One example of this indicator is the Stochastic Oscillator, which is very effective for identifying mean reversals based on shorter price swings and pulses. Just like the classic Stochastic Oscillator, the Double […]
Market Screener for MT4 and for MT5 – Analytics & Forecasts – 22 January 2023
This is a screener that allows to identify assets that are more than usually overbought (% growth)or oversold (% fall) within a selected period of time (time frame). The market is ruled by the law, buy cheaper, sell more expensive, but without an automatic scanner it is very difficult to identify assets overbought or oversold, say, within the current […]
Levels Indicator for MT5 – ForexMT4Indicators.com
Introduction to the Levels Indicator Support and resistance levels are key elements on a price chart which traders should be aware of. This is because the market often takes interest on these levels, which often result in a strong market reaction. The Levels Indicator was developed to help traders identify potential support and resistance levels. […]