Introduction to the Heiken Ashi Smoothed Indicator The Heiken Ashi Smoothed indicator is a very popular trading tool. It helps to see clear trend momentum without much noise. The logic behind the smoothed version of Heiken Ashi candles is simple: instead of using “raw” prices” for calculations, it’s using smoothed/filtered/averaged prices instead. That usually filters…
Category: Forex MT5 Indicators
PPMCC Forex Indicator
Introduction to the PPMCC Indicator The PPMCC shortcut means Pearson Product-Moment Correlation Coefficient (Pearson’s PCC). That tool displays the linear relation between the moving average values of two forex pairs with values ranging from -1 to +1. When the chart is above zero, a positive correlation is marked. Correlation is negative below zero. Zero indicates…
Heiken Ashi Indicator
Heiken Ashi Indicator How to install the Heiken Ashi Indicator on your Metatrader 5 trading platform? Download the indicator by clicking “LINK” button at the bottom of this post. Copy and paste the Heiken Ashi Indicator files into following folder of your Metatrader 5 (MT5) platform: MQL5 > Indicators. You can gain access to the…
RSI Candles Smoothed
The RSI Candles Smoothed indicator is a combination of four RSI values (RSI of High, Low, Open and Close) displayed as candles in a sub-window below the main trading chart. This version has an additional options to enable prices pre-smoothing prior to be used in a calculation, which makes it an RSI-of-MA combination. To avoid…
Ehlers IFT of Smoothed RSI
Ehlers IFT of Smoothed RSI How to install the Ehlers IFT of Smoothed RSI on your Metatrader 5 trading platform? Download the indicator by clicking “LINK” button at the bottom of this post. Copy and paste the Ehlers IFT of Smoothed RSI files into following folder of your Metatrader 5 (MT5) platform: MQL5 > Indicators.…
RSI with RSI Indicator
Introduction to the RSI with RSI Indicator The RSI with RSI indicator, as the name suggests, is a tricky combination of two Relative Strength Index indicators into one. The author of that gauge, Peter Konner describes that his indicators formula is based on two different RSI calculations using different lengths to allow trading of retracements…
RSI HTF Indicator
Introduction to the RSI HTF Indicator The RSI HTF indicator is another variation of the Relative Strength Indicator. The main difference between standard RSI and this one is the way it shows signals. The RSI HTF Indicator displays dots instead of a continuous oscillator line. There are four colors of RSI HTF dots and each…
CCI of EMA Indicator
CCI of EMA Indicator How to install the CCI of EMA Indicator on your Metatrader 5 trading platform? Download the indicator by clicking “LINK” button at the bottom of this post. Copy and paste the CCI of EMA Indicator files into following folder of your Metatrader 5 (MT5) platform: MQL5 > Indicators. You can gain…
Double Smoothed Stochastic
Double Smoothed Stochastic How to install the Double Smoothed Stochastic on your Metatrader 5 trading platform? Download the indicator by clicking “LINK” button at the bottom of this post. Copy and paste the Double Smoothed Stochastic files into following folder of your Metatrader 5 (MT5) platform: MQL5 > Indicators. You can gain access to the…
Supply and Demand Indicator
Shved Supply and Demand The Supply and Demand Indicator is a MetaTrader 5 (MQL5) version of the indicator originally coded by Shved and upgraded by eevviill7. This version also has history mode added. Set the “historyMode” parameter to “true” then double click on any point in the price chart to see Support and Resistance zones…