AMKA Indicator for MT5

 

The AMkA Indicator For MT5 is a simple tool that has can change your trade execution process. You will spot a blue moving average adjacent to the candlestick and it can be used to determine the direction of the trend. If the candlestick trades above the blue moving average, it suggests the market is in an uptrend. On the contrary, when it trades below the blue moving average, it suggests the market is in a downtrend. To make things easier, you should consider shot trade setups only when you spot red dots on the blue moving average. And green dots on the blue moving average is a clear indication that the bulls are dominating the market.

Value Charts Indicator for MT5

 

Value Charts is a detrended price indicator created by David Stendhal, it shows the overbought and oversold states using the detrended price extremes.

For a nice description, see the "Dynamic Trading Indicators: Winning with Value Charts and Price Action Profile" book Mark Helweg and David Stendahl, this book is very good.

DSL MACD Indicator for MT5

 

MACD is usually calculated with an addition of one signal line.

That is a long used trading system and has it's merits. But that way is somewhat lacking when it comes to ranging markets (it can not detect false signals in ranging market).
This version is using dsl (discontinued signal lines) and instead of using one signal line uses two. That way it sort of introduces levels as well as signal lines and, judging from tests, it seems to be better in avoiding false signals and it can be used in (short term) reversals detection. As usual, testing is advised before usage.

DSL RSI Indicator for MT5

 

The Dsl RSI Indicator For MT5 is an indicator which combines the power of two highly effective indicators known as the Discontinued Signal Line indicator and the Relative Strength Index oscillator indicator - the DSL component is brilliant because it signals the exhaustion of up or down cycles thus giving the trader a clear directive as to be on the lookout for reversal entry points into the market. Whereas the Relative Strength Index is there to measure the strength of the given trend and also its direction however using the Relative Strength Index indicator in isolation becomes tricky especially during trending conditions when the oversold and overbought regions are sometimes erroneously detected in error therefore combining this indicator with the power of the Discontinued Line Signal indicator and sound price action analyses helps to mitigate the adverse effects of such drawbacks. The oscillator changes color depending on the direction of the market so if the market is in a downtrend the color of the oscillator will be orange and when its in a bullish market the oscillator will be green however there are a pair of green and orange dashed lines which form levels to indicate to the trader when to open respective sell and buy trades whenever those lines are being crossed by the oscillator.

DSL RSX Indicator for MT5

 

Thread for dsl (discontinued signal line) indicators
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A lot of indicators are using signal lines in order to determine the trend (or some desired state of the indicator) easier. The idea of the signal line is easy : comparing the value to it's smoothed (slightly lagging) state, the idea of current momentum/state is made

Discontinued signal line is inheriting that simple simple idea and it is extending it : instead of having one signal line, more lines depending on the current value of the indicator. "Signal" line is calculated the following way :

• When some level is crossed in the desired direction, ema of that value is calculated for the desired signal line
• When that levels is crossed in the opposite direction, previous "signal" line value is simple "inherited" and it becomes a kind of a level

This way it becomes a combination of signal lines and levels trying to combine the good from both methods

RSI OMA Indicator for MT5

 

This is a version of rsi  that can calculate 7 types of RSI :

• "regular" RSI
• Cuttler's RSI
• Ehlers' smoothed RSI
• Harris' RSI
• Rapid RSI
• RSX
• "Slow" RSI

Levels for this indicator can be 2 type : floating (if the floating level period is set to > 1) or fixed - the classical way (if the floating levels period is set to <=1). Also, when the price smoothing is turned on (price smoothing period set to >1) it becomes what was commonly known as rsioma. It can use 4 basic types of averages for price smoothing/filtering and combined with the 7 types of rsi it supports, you can now have 7 types of rsioma too.

Indicator has the usual set of 22 types of prices, usual set of alerts (that is synchronized with the choice of color change for the rsi value, which can be based on slope change, middle level cross or outer level cross , all in accordance to level type settings as described above) and is already a multi time frame version.

DSL Stochastic Indicator for MT5

 

The Stochastic Oscillator is a Momentum indicator comparing the closing price of a security to the range of its prices over a certain period of time. The sensitivity of the oscillator to market movements is reducible by adjusting that time period or by taking a moving average of the result.

The general theory serving as the foundation for this indicator is that in a market trending upward, prices will close near the high, and in a market trending downward, prices close near the low. Transaction signals are created when the %K crosses through a three-period moving average, which is called the %D.

The DSL (Discontinued Signal Line) version of Stochastic does not use a moving average in a classical way for signals, but is instead calculating the signal lines depending on the value(s) of the stochastic. Thus, we are having two things : a signal line and a sort of levels that can be used for overbought and oversold estimation.

Quantile Bands Indicator for MT5

 

The Quantile Bands Indicator For MT5 is a brilliantly created technical trading tool which channels the main trading activity of an asset into a three layered band which is calculated on the basis of using three quantile values - these quantile values are derived through a statistical calculation which computes cutpoints by dividing the range of a probability distribution into intervals which have equal probabilities. This channel indicator is a great resource to have because with most oversold and overbought detection oscillators they are normally plotted in a separate window below the main active chart - however with this indicator it is like having a oversold and overbought analysis tool directly on the trading chart which is superimposed over the price action itself with the price action still being clearly visible for pattern recognition and technical analysis. When traders see that the price action trades beyond and above the upper band of the channel then they may treat that as a reversal signal to open a sell trade with the take profit target set at the middle band - whenever price action goes below and beyond the lower band then the trader may choose to open a buy trade in the opposite direction with the middle band set as a TP target.

RSI with Fibonacci Auto Channel for MT5

 

The Rsi Oma with auto Fibonacci levels Indicator For MT5 helps to find the overbought and oversold state of the trading asset in different formations. Since the tool relies on the Fibonacci retracement ratio, you can also use it as a trend trading tool. When the bulls are dominating the market the price is most likely to head higher and the bold color curve in the indicator will turn green. When the bears dominate the market, the curve will turn brown and it will trade near the bottom part of the indicator window. And the dashed line should be considered as the volatility indicator. Bigger cloud means higher volatility and smaller cloud means a low level of volatility.

DSL DMI Oscillator for MT5

 

DMI oscillator version of dsl (discontinued signal lines) family of indicators.

DMI short description ‌(since it is not widely known).

DMI OSCILLATOR

Within the suite of indicators that make up Wilder’s directional movement index (DMI) are the plus directional movement indicator (+DI) and the minus directional movement indicator (-DI). They provide the foundation for the more widely recognized average directional index (ADX). Whereas the ADX offers information about the strength of price movement but not its direction, the +DI and -DI furnish information about the positive or negative direction of price movement over a period of time.

Wilder provides complete information about the function and construction of all the components that make up the directional movement index in his 1978 book, New Concepts In Technical Trading Systems. In general, the plus and minus components of the DMI focus on that portion of the current bar’s trading range that is outside the range of the previous price bar. If it is higher, it is considered to be positive (+) and if it is lower, it is labeled negative (-). These values are divided by the true range and averaged over time, usually 14 periods. A move by the +DI above the -DI indicates that positive or upward price direction has overtaken negative or downward price direction. Conversely, when +DI falls below -DI, declining price either from selling pressure or lack of upward price momentum is taking control. Potential changes in direction or trend occur when the lines intersect.

‌As with all the dsl indicators, it can be used both in trend and counter trend trading, but the dsl in this case can add to momentum strength estimation too.

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ADX VMA Trend Indicator for MT5

 

The ADX VMA Buy/Sell Forex Trend indicator for MT5 delivers awesome buy and sell signals that works for any pair and trade style. ADX VMA appears underneath the main trading chart in the form of a dual-colored histogram. ... The trend is bullish when the ADX VMA Buy/Sell Forex Trend indicator draws a green histogram.

ADXm Adaptive Indicator for MT5

 

The ADXm vhf adaptive Indicator For MT5 analyze the price movement based on the adaptability features of the traditional average directional index tool. The indicator paints three unique lines that tell the direction of the trend. But to find the overbought or oversold state of trading instrument, you need to look at the cloud formation and its color. When the cloud color is green, you should be expecting an end of the bullish rally. On the contrary, when the cloud color is magenta and formed below the lower band, you should be expecting an end of the bearish rally. But make sure you use this tool only to analyze the quality of trade signals. Use the support and resistance level to find the accurate entry and exit points in the market. And rely on the readings to fine-tune your trade setups.

VSA Candle Indicator for MT5

 

The VSA text indicator is based upon what is known as the “volume spread analysis” indicator. Volume spread analysis is basically a tool to discover the correlation of price in relation to volume, in order to determine the short-term outcome of price action, in other words, where the market might be moving next.

The vertical text shown next to candles on your MT4 chart, tells you where the money is, and very importantly, where it ISN'T. In trading, identifying money flow is vital when it comes to making the best trading decisions.

BB Stops Supersmoother RSI for MT5

 

This version of Bollinger bands stops is applied to rsi indicator.

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Unlike the original indicator (which can be used for stop loss settings), this version, due to the lack of the on-chart values, is directed into "trend" direction, and can be treated as a different way of having signal line on the RSI.

RSI that can be used is one of the following :

• Cuttler's RSI
• Ehlers' smoothed RSI
• Harris' RSI
• Rapid RSI
• RSI
  
• RSX
• "Slow" RSI

To help the usage usual set of alerts is already built in (along with multi time framing) and along with the features already known in the basic BB stops indicator, it is being extended by the usage of RSI.

Blau Jurik Eco Indicator for MT5

 

Gann High Low Activator MTF for MT5

 

This indicator is a copy of the Gann Hi-Lo Activator SSL indicator which was rewritten in MQL5. The original indicator was one-colored, that is why for more visual definition of the trend direction it was necessary to make it colored.

This version is Mutitimefame, now you can see multi-trends in a separate window and signals in the main chart.

Alert mode and sending of emails has been also added.

Gann High Low Activator SSL Alert for MT5

 

The Gann Hi Lo Activator SSL Indicator For MT5 is a copy of the famous MT4 indicator. It has an improvement and draws the line with different colors. During upward trends the color is blue. During downward trends the color is orange. You can use the indicator to enter on pullbacks during established trends. The price levels of the line can be used as dynamic support and resistance areas.

Corrected Momentum Indicator for MT5

 

Installing the Corr momentum Indicator For MT5

After you downloaded the indicator via the form above you need to unzip the zip-file. Then you need to copy the file Corr_momentum.mq5 into the folder MQL5\Indicators of your MT5 installation. After that please restart MT5 and then you will be able to see the indicator in the list of indicators.

Parameters of the Corr momentum Indicator For MT5

The Corr momentum Indicator For MT5 has 13 parameters to configure.

input int        MomPeriod        = 32;          // Momentum period
input int        CorrectionPeriod =  0;          // Correction period (<0 no correction =0 same as momentum period)
input enPrices   Price            = pr_close;    // Price
input enColorOn  ColorOn          = chg_onLevel; // Color change on :
input int        LevelsPeriod     = 25;          // Levels period
input double     LevelsUp         = 90;          // Upper level %
input double     LevelsDown       = 10;          // Lower level %
input bool       AlertsOn         = false;       // Turn alerts on?
input bool       AlertsOnCurrent  = true;        // Alert on current bar?
input bool       AlertsMessage    = true;        // Display messageas on alerts?
input bool       AlertsSound      = false;       // Play sound on alerts?
input bool       AlertsEmail      = false;       // Send email on alerts?
input bool       AlertsNotify     = false;       // Send push notification on alerts?

Schaff Trend Cycle Adjustable Smoothing for MT5

 

Well known Schaff trend cycle is, no doubt, useful indicator.

But it has some things that can be changed. One is that it has a fixed smoothing factor hard-coded in the formula itself. This version changes that and allows you to use variable smoothing for the cycle smoothing. In some cases that can help avoiding some false signals.

Corrected MACD Indicator for MT5

 

"Step" or "corrected" macd (using the same method for correction that is used in averages).

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Corrected values tend to be good filters, but they should not be mixed with the filters we are using. The values for the "corrected" method are different from "filtered" values.

For additional help, there is a choice of possible ways how the "trend" is found out:

• on slope change
• on zero line cross
• or on original macd value cross (in which case macd is used as a sort of a signal line)

Also you can control if the "correction" is needed at all (by adjusting the "correction" period) when you can get the original MACD value displayed.

With some experimenting a nice filter can be achieved and this way a probable new life to a good old macd can be added.