It can be a good base for your own range breakout expert advisor.īMA ( MT4, MT5) - a moving average indicator version that saves the traditional MetaTrader moving average functionality but adds two bands to the standard line. It is a simple indicator that uses some period to find the highest and the lowest points and mark them with the dots. It can be used to determine trend starts/ends as well as the trend strength (the broader is the gap between two bands, the stronger is the current trend).īeginner ( MT4, MT5) - this one shows up trend extremes (max and min) which can be treated as the support and resistance points and help you understand current trend channels. Alerts are available.īB MACD ( MT4, MT5) - a MACD variation custom MT indicator, based on moving averages and standard deviation indicator. I find it useful to determine the trend changes.īasing Candlesticks ( MT4, MT5) - a MetaTrader indicator that marks candles with body size at less than 50% of the candle's entire High-Low range. ![]() ![]() It is a separate window indicator with 2 charting lines. If you experience problems installing or using these indicators, please refer to MetaTrader Indicators - User's Tutorial.ģrd Generation Moving Average ( MT4, MT5) - this MetaTrader indicator a version of the classic moving average indicator (MA) with the time-lag reduced to the least possible level, preserving the smoothing capability of moving average.Īroon Up & Down ( MT4, MT5) - this MetaTrader indicator is based on finding the maximums/minimums of the period and doesn't use any standard MT4/MT5 indicators.
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