Forex indicators, more than 200 best scripts
Conducting a technical analysis of the foreign exchange market is simply unthinkable without the use of tools such as Forex indicators.
They help to significantly increase the efficiency of research and at the same time reduce the time spent. The main thing is to choose the right tool correctly in accordance with the chosen Forex trading strategy and be able to use it on time; the settings of these scripts also play an important role.
New trend indicator for MT5
Trend indicators are one of the most popular tools among stock traders.
At the moment there are quite a few similar scripts, but not all of them are effective and useful to use. Therefore, the emergence of new ones is always of interest.
Today we will get acquainted with the trend indicator for the metatrader 5 trading platform; a tool called Trend Master Chart MT5 was recently presented on the market.
Trend Master Chart MT5 – works on the basis of several popular indicators, which allows you to increase the effectiveness of its work.
Indicator of short and long positions opened by traders in metatrader 5
When trading Forex or any other exchange, it is quite important to know the mood of the market, or the mood of those who trade in it.
For these purposes the open positions informer , but this tool only shows the current situation for a specific broker.
If you want to view statistics on a particular asset, then for these purposes it will be more effective to use the open positions indicator in the trading platform.
The script called “The Long vs Short Fraction in Volume” shows the volumes of long and short trades for the selected symbol on the selected time frame.
Signal indicator for scalping Clever Scalper Pro
The most tempting Forex trading strategy is scalping , but at the same time, this trading option is one of the most difficult.
In order for the strategy to be profitable, you should use technical analysis indicators.
The ideal solution for effective scalping is to use scripts specially created for this strategy.
An interesting option is the Clever Scalper Pro indicator, which not only analyzes the market, but even gives signals to open transactions. Therefore, even a novice trader can cope with its use in practice.
Forex session indicator for metatreder 5
Unlike the stock market, forex trading occurs continuously, five days a week, 24/5, and for cryptocurrencies, even seven days a week, 24/7.
But at the same time, the trading time changes; it depends on the time zone in which the currency exchange is located.
For example, the London Currency Exchange opens at 7:00 GMT, and the American Exchange in New York opens at 12:00 GMT.
Schedule of forex trading sessions - https://time-forex.com/torgovye-sessii-forex
Depending on where trading is carried out, the mood of the market depends on whether the volatility of assets increases or decreases.
Asset information indicator for MT5 - GeoInfo5
One of the most common types of indicators for a trader’s trading platform are information scripts.
Thanks to them, you can quickly obtain information on the selected asset, or obtain any other information that helps in trading.
I have already given examples of such indicators more than once, and today I came across a rather interesting tool, the main advantage of which is its expanded information content.
The GeoInfo5 script, after adding the selected asset to the chart, displays the following information - the current spread and swap size, collateral size, tick size, stop order levels, minimum lot and ATR/SPR ratio.
Spread Informer signal indicator
One of the important points when trading Forex is the size of the spread. Since today almost all brokers have switched to a floating spread, it is necessary to constantly monitor this parameter.
The easiest way to do this is with the help of a special indicator; on our website we have already described one of these scripts - the Spread Indicator
It fully meets the requirements, but the previously published indicator is intended for installation only in the MT4 trading platform and does not have an alert function.
Therefore, today we are publishing a similar spread indicator called Spread Informer for metatrader 5, which not only shows the current size, but also reports if the spread has expanded beyond a specified value.
New Donchian channel indicator “Modern Donchi”
Price on the market rarely moves constantly in the same direction; most often it forms price channels.
Therefore, the trading strategy in the price channel is one of the most popular in stock trading.
Today, few people build price channels manually; traders prefer to use technical analysis indicators in their work.
One of these indicators is the Donchian indicator developed by the famous trader Richard Donchian.
The tool is used to analyze market volatility and determine support and resistance levels.
Accurate Forex indicator – check on different timeframes
The search query “accurate Forex indicator” is one of the most popular in the financial markets.
It is difficult to find a trader who has not at least once entered it into the Yandex or Google search bar at various stages of his FX career, trying to find a suitable script.
The essence of the problem is that the scripts available today are not always of high quality and can objectively assess the market situation.
Many of the technical analysis indicators give an unreliable forecast, and then correct the history of their work in order to improve the result.
New fractal indicator “Full Fractals MT5”
The standard fractal indicator, developed by Bill Williams , is one of the most effective tools for trend analysis.
It is not for nothing that it was added to the most popular trading platform today, metatrader 5, and is used in fractal strategies.
But many traders often complain that the standard script from the trading platform lacks additional settings, so you can find modified versions of the Fractals indicator on the Internet.
One of the interesting options is the “Full Fractals MT5” indicator, developed in 2023; it allows you to independently set the number of bars on the basis of which the fractal will be built.
Spread indicator, which allows you to estimate how large the spread is at the moment
One of the most important indicators in Forex trading is the spread, which you have to pay when opening a new transaction.
If you trade scalping and open a lot of trades, then you know how much you have to pay to open trades and how important it is to control the size of the spread.
Depending on the market situation, this commission can increase tens of times and it can be a shame when, having become carried away by the trading process, you discover that you paid more than usual.
You can control the size in the market window, but this is quite inconvenient; it is more practical to use the Spread indicator.
Advanced trend indicator for MT5, trend strength for a specific currency
In the Forex currency market, it is quite difficult to determine the real direction of the trend for a specific currency.
The reason for this lies in the fact that the price of a certain monetary unit can simultaneously rise against one currency and fall against another.
For this reason, it is not always clear how strong the existing trend is and what its reason is: the strengthening of the analyzed currency or the fall of the second currency in the currency pair.
Therefore, in order to objectively assess the existing trend direction, you need to do this comprehensively, in relation to several assets at once.
New resistance and support indicator “Support-Resistance-MT5”
One of the most effective technical analysis tools in trading are support and resistance lines.
Thanks to these lines, it becomes possible to determine probable trend reversal points or ensure its continuation.
These lines can be plotted on the chart either manually or using special indicators that independently perform calculations.
Over the years of using trading platforms for trading, a large number of indicators that allow the construction of support and resistance lines, but despite this, new modifications of such scripts are being developed every day.
Transaction risk indicator
Most traders associate the work of indicators in a trading platform only with trend analysis and sending signals to open trades.
But there is also a category of forex indicators that perform auxiliary functions and simply make trading more comfortable.
The tool presented today belongs precisely to this category of auxiliary indicators; it displays the degree of risk on the chart of a currency pair.
Moreover, he does this not in abstract points or percentages of the deposit, but in the currency of the deposit.
Allowing in this way to assess probable profits and losses relative to the trend line, to evaluate possible prospects.
That is, find out how much you will be able to gain or lose if the price changes to one or another indicator.
Currency heat map indicator for metatrader 4
A heat map of currencies is a color display of the direction of the trend for various currency pairs over a certain time period.
You can find a similar tool on many information portals, but it will still be more convenient to use a special indicator.
Thanks to which all the necessary information about the trend will be displayed directly in your trading platform.
The devisen-heatmap indicator presented in this article is intended for installation in the metatrader 4 .
After you have downloaded the zipped file with the script itself at the end of this article and unpacked it, proceed to the standard installation by copying it to the directory with indicators called “Market”.
The most effective indicators for forex
The main tool with which technical analysis is carried out is the indicator; it is it that allows you to speed up this process.
The main thing is to find the most effective tool for these purposes, since you will have to choose among several thousand different scripts.
The task is quite difficult even for an experienced trader, and if you are just starting to trade Forex, it is not at all feasible.
What forex indicators can be called the most effective for technical market analysis?
Each trader has his own list of preferences, here are the indicators that I use:
Margin Call and Stop Out indicator.
Almost all traders know about such concepts in stock trading as margin call and stop out; the broker is responsible for these parameters and their size can be found on his website.
Margin call is the level of losses on the client’s account, upon reaching which the broker will be obliged to notify the trader.
For example, the margin call is 40%, as soon as the loss reaches this level the broker will call you (in theory).
Stop out is the level of losses upon reaching which the broker will forcefully close the transaction in order to preserve his own funds that were provided as leverage.
Usually equal to 10%. These levels play a greater role for the broker than for the trader, as they protect his funds, but still many investors prefer to monitor such levels.
It is best to use special forex indicators to monitor this parameter.
Triple Exponential Average Oscillator
Market irregularities, its constant deceptive maneuvers and oscillatory movements around an invisible axis are the main reasons for losses for most traders.
It would seem that the entire trading process comes down to identifying a trend and opening a trade in its direction.
However, in practice, kickbacks are perceived as new trends, and side kicks are perceived as something separate, and not as a regular break that players took for a while.
The so-called market noise is to blame, which can be combated in several ways.
Change the principle of presenting information, as happens with the use of Renko charts, or average the price, using the average price as the basis for analysis.
Average Directional Movement Index indicator
A trader needs to clearly understand which direction the market is moving, where it is heading at the moment and where it will go in the near future.
trend forex indicators can cope with this task .
However, despite this, traders continue to suffer losses.
The answer why this happens lies right on the surface, but no one wants to notice it. It is easier to think that forex indicators are wrong about the direction of the trend than to realize that the trend itself has been misjudged.
After all, the effectiveness of the signal in a strong and weak trend will be completely different.
Info indicator for intraday trading
The key problem for newcomers who have just entered the market is a complete lack of understanding of what they are doing, why they are opening a deal and what is behind the performance of certain forex indicators.
In fact, all market analysis is based on the search and implementation of patterns.
One of these fundamental patterns is the manifestation of price activity at certain times of the day, as well as the formation of strong levels and ranges by traders.
It is trading sessions and price behavior during each of them that can become an excellent core for building an intraday strategy .
In today's article we will look at a script included in the category of forex indicators for intraday trading, which will allow us to visualize a particular trading session on a chart.
TDI indicator
Market analysis and forecasting is difficult to perform without technical analysis tools at hand.
After all, all factors, one way or another, are interconnected and can influence each other.
The direction of the trend, the speed of price movement, volatility, overbought or oversold - all these factors determine the further movement of the price.
That is why in recent years many traders have gradually moved away from using standard forex indicators, which determine one characteristic of the market.
Instead, complex hybrids are increasingly being used. Their essence is that the hybrid can combine from two to five forex indicators in one window and conduct a more professional market analysis.