CurrencyStrength indicator for mt4
Currency strength is an analytical tool that quantifies the relative strength of each currency in the Forex market.
It allows you to determine which currencies are in a growth trend and which are in a state of weakness.
The Force Index takes into account price movements relative to a basket of major currencies and helps traders better understand market structure.
The basic idea is simple: buy a strong currency and sell a weak one. This approach reduces risks and increases the chances of a successful trade, especially when trading pairs with a clear leader and an underdog.
Currency strength indicators are actively used in both short-term and long-term trading.
GapDetector Pro is an indicator of price gaps on any timeframe
Price gaps are areas on a chart where the opening price of a new candle differs significantly from the closing price of the previous one, leaving an empty space between them.
Such situations often arise after weekends, during important news releases, or during periods of low liquidity.
Gaps are considered strong market signals that can be used both for entering the market and for confirming the current trend.
There are two most popular strategies for working with gaps:
Gap Filling — trading on the price return to the gap area;
Gap Breakout — trading in the direction of movement if the gap is confirmed by volume and volatility .
Power Pulse — a market sentiment indicator
Using technical indicators is an integral part of successful stock trading. They allow you to objectively assess the current market situation and help you make more informed decisions.
Most beginners prefer simple and clear tools that provide clear signals to enter the market or indicate the direction of the trend.
The Power Pulse indicator for the MetaTrader 5 platform is just such a convenient assistant, which can be called a market sentiment indicator.
Power Pulse for MetaTrader 5, recently released on the MQL5 Market, is a free tool designed to evaluate the strength of buys and sells on various timeframes, from M1 to Monthly.
The indicator displays market sentiment as a numeric value on a scale from 0 to 100, where:
Cryptocurrency Heatmap for the MT5 Trading Platform
Financial markets are constantly changing, and traders need to quickly navigate the flow of information.
A market heat map is a tool that helps visualize price changes of various assets, such as stocks, currencies, commodities, and cryptocurrencies.
The map allows you to instantly see which assets are rising, which are falling, and which are remaining stable, helping to create a complete picture of what is happening in a particular market.
Unlike traditional price charts, the market map presents data in a color-coded scheme, where green typically signifies growth and red signifies decline. This significantly simplifies analysis and helps identify promising trading opportunities.
A universal indicator showing trend reversals across all assets
The best option for opening a trade is to enter the market immediately after a trend reversal ; this moment can be determined by installing a reversal indicator on the chart.
But what if you want to trade multiple exchange assets at once and want to monitor the situation not only across multiple assets, but also across multiple timeframes?.
A universal trend reversal indicator, which can display reversal signals across 20 different assets, is suitable for these purposes.
The tool works great on currencies, cryptocurrencies, stocks, gold, and other assets. Simultaneous monitoring of up to six timeframes is available.
Trend Catcher trend reversal indicator
As you probably already know, the most popular trading strategy on the stock exchange is the trend trading strategy.
And it is best to open new trades when the trend changes and a new trend is formed, only in this case you will get the maximum profit before the next reversal.
You can find the right moment using a trend change indicator; one such script is Trend Catcher with Alert MT5.
The trend reversal indicator allows you to quickly identify favorable market entry points or receive signals to close existing trades.
Arrow indicator without redrawing “Forex Trend Commander”
It's no secret that most traders sooner or later experience losses and ultimately wipe out their deposits.
But there are also experienced traders who consistently make a profit every month, and they are assisted in this by high-quality analysis tools.
One such reliable tool is the Forex Trend Commander non-repainting arrow indicator, which works equally effectively on any currency pairs and timeframes .
This indicator does not redraw or delete unsuccessful signals, which makes it a reliable assistant in analyzing trend movements and making decisions.
Forex indicators, over 200 best scripts
Conducting technical analysis of the currency market is simply unthinkable without tools such as Forex indicators. They help significantly increase the effectiveness of your research while simultaneously reducing the time spent.
The key is choosing the right tool for your chosen Forex trading strategy and knowing how to use it correctly. The settings of these scripts also play a crucial role.
New trend indicator for MT5
Trend indicators are one of the most popular tools among traders trading on the stock exchange.
There are currently quite a few similar scripts available, but not all of them are effective or useful. Therefore, the emergence of new ones always generates interest.
Today we'll take a look at a trend indicator for the MetaTrader 5 trading platform. The Trend Master Chart MT5 tool was recently introduced to the market.
Trend Master Chart MT5 – operates on the basis of several popular indicators, which allows for increased efficiency.
An indicator of short and long positions opened by traders in MetaTrader 5
When trading on Forex or any other exchange, it is quite important to know the market sentiment, or the sentiment of those who trade on 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 for a particular asset, it would 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 for the selected time frame.
Clever Scalper Pro signal indicator for scalping
The most tempting strategy for trading on Forex is scalping , but at the same time, this type of trading is one of the most difficult.
In order for the strategy to be profitable, technical analysis indicators should be used.
The ideal solution for effective scalping is to use scripts specifically created for this strategy.
An interesting option is the Clever Scalper Pro indicator, which not only analyzes the market but also generates signals to open trades. Therefore, even a novice trader can easily use it in practice.
Forex Sessions Indicator for MetaTrader 5
Unlike the stock market, Forex trading is non-stop, five days a week, 24/5, and cryptocurrency trading is 24/7.
However, the trading time changes depending on the time zone in which the currency exchange is located.
For example, the London Stock Exchange opens at 7:00 GMT, while the American Stock Exchange in New York opens at 12:00 GMT.
Forex trading session schedule - https://time-forex.com/torgovye-sessii-forex
Depending on where trading is conducted, the market mood also depends, and asset volatility increases or decreases.
GeoInfo5, an asset information indicator for MT5
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 a selected asset, or obtain any other information that helps in trading.
I've already provided examples of similar indicators several times, and today I came across a rather interesting tool whose main advantage is its extensive information content.
The GeoInfo5 script, after adding the selected asset to the chart, displays the following information: the current spread and swap size, the margin size, the tick size, stop order levels, the minimum lot size, and the ATR/SPR ratio.
Spread Informer Signal Indicator
One of the most important factors when trading Forex is the spread size. Since almost all brokers have switched to floating spreads, it's essential to constantly monitor this parameter.
The easiest way to do this is with a special indicator; we have already described one of these scripts on our website - the Spread Indicator
It fully meets the requirements, but the previously published indicator is intended for installation only on 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 informs you if the spread has widened beyond a specified value.
Donchyan's new channel indicator "Modern Donchi"
The price on the market rarely moves constantly in the same direction; more often than not, it forms price channels.
That is why the price channel trading strategy is one of the most popular in stock trading.
Nowadays, it's rare for anyone to build price channels manually; traders prefer to use technical analysis indicators in their work.
One such indicator is the Donchyan indicator developed by the famous trader Richard Donchyan.
The tool is used to analyze market volatility and determine support and resistance levels.
An accurate Forex indicator – tested on different timeframes
The search query "accurate forex indicator" is one of the most popular in the financial markets field.
It's hard to find a trader who hasn't at least once typed it into a Yandex or Google search bar at various stages of their 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 cannot objectively assess the market situation.
Many technical analysis indicators provide unreliable forecasts and then adjust their performance history to improve the results.
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 no wonder that it was added to the most popular trading platform today, MetaTrader 5, and is used in fractal strategies.
However, many traders often complain that the standard script from the trading platform lacks additional settings, so modified versions of the "Fractals" indicator can be found online.
One interesting option is the "Full Fractals MT5" indicator, developed in 2023. It allows you to independently set the number of bars on which the fractal will be built.
The Spread indicator 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 trade.
If you are a scalper and open a lot of trades, you know how much you have to pay to open trades and how important it is to control the spread size.
Depending on the market situation, this commission can increase tenfold, and it can be frustrating when, after getting carried away with the trading process, you discover that you've paid more than usual.
You can control the size in the market window, but this is rather 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 actual direction of the trend for a particular currency.
The reason for this is that the price of a particular currency can simultaneously rise in relation to one currency and fall in relation to another.
For this reason, it is not always clear how strong the existing trend is and whether it is caused by the strengthening of the currency being analyzed or the decline of the second currency in the currency pair.
Therefore, in order to objectively assess the existing trend direction, it is necessary to do this comprehensively, immediately in relation to several assets.
New support and resistance indicator "Support-Resistance-MT5"
One of the most effective technical analysis tools in trading is support and resistance lines.
Thanks to these lines, it becomes possible to determine probable trend reversal points or to confirm its continuation.
These lines can be applied to the chart either manually or using special indicators that perform the calculations themselves.
Over the years of using trading platforms, a large number of indicators that allow for the construction of support and resistance lines, but despite this, new modifications of such scripts are being developed every day.
Trade risk indicator
Most traders associate indicators in trading platforms solely with trend analysis and trade signaling.
However, there is also a category of forex indicators that perform auxiliary functions and simply make trading more convenient.
The tool presented today falls into this category of auxiliary indicators; it displays the risk level on a currency pair chart.
Moreover, it does this not in abstract points or percentages of the deposit, but in the deposit currency.
This allows you to assess probable profits and losses relative to the trendline and evaluate potential prospects.
This means you can determine how much you stand to gain or lose if the price moves to a certain level.
