This indicator is great for well-trending pairs. It has few parameters you can tweak to fit your trading style, whether you are scalping, intraday, or swing trading. Configure and optimize it yourself and incorporate it in your system.
Free MQL5 ATR Band Indicator with Buy/Sell Signals for the first 10 people who download it from MQL5 Market. It's called "ATR Band Breakout". This indicator is great for well-trending pairs. It has few parameters you can tweak to fit your trading style, whether you are scalping, intraday, or swing trading. Configure and optimize it yourself and incorporate it in your system.
Free MQL5 ATR Band Indicator with Buy/Sell Signals for the first 10 people who download it from MQL5 Market. It's called "ATR Band Breakout". This indicator is great for well-trending pairs. It has few parameters you can tweak to fit your trading style, whether you are scalping, intraday, or swing trading. Configure and optimize it yourself and incorporate it in your system.
What the title says. I basically took tradingview’s CVD and translated it for MT5. Its the first functional CVD for mt5. It works just fine with my normal charts. However, when I was about to publish it, it keeps failing the test/validation. Anyone willing to see it for free?
Disclaimer: The indicator itself will be free for mql5 market.
Have you ever stared at the EURUSD charts and wondered:
"Why is the prices going up? Is it because EUR is weak? Or is it USD?
You are not alone. Most traders do not even think of this. They just keep losing and don't know why an S+ setup failed.
With traditional candlestick charts, we are constrained with OHLC Data. We do not know what is "behind the scenes"
This MQL5 Currency Strength Indicator solves that. It gives us information more than what candlestick charts can provide. With it, you can open your charts, and see at a glance of what's strongest and weakest as a currency right now.
History of this indicator:
In 2015, trader and researcher Serghey Magalà (3 Times World Trading Champion) asked a simple but profound question:
"How can I study the real strength of one currency, isolated from all the others?"
He understood what most traders don't: Forex isn't random pairs. It's a connected system. And to trade it well, you need to isolate the individual components.
After years of research and testing, he created FOTSI (Forex Overview True Strength Index) – a methodology that aggregates momentum across all relevant pairs to reveal the TRUE underlying strength of each currency.
This MQL5 conversion brings his proven methodology to MetaTrader 5, with professional enhancements for modern traders.
Credit: Original FOTSI concept and methodology by Serghey Magalà (2015). This is an independent MQL5 conversion with added features.
Bottomline
This indicator is not a strategy. It can work with any strategy. Is USD overbought? Then we stop trading until it normalizes. You found one overbought and one oversold? Then you found yourself a mean-reversion trade. There are countless applications of this tool. If you're interested, click the link below.
Are there any available MQL5 Community here? If not, comment if you want to make one!