Category: Metatrader 5 Indicators

“Custom High Low Indicator” is a really useful indicator. Even if you change the timeframe you are in, it is an indicator that automatically draws the latest highest high and lowest low of the pair you are analyzing. It works in the Metatrader5 terminal. The Custom High Low Indicator for MT5 plots the previous and…

Today I will show you “Auto TrendLine Indicator”. The indicator works in MetaTrader5 terminal. It automatically finds and draws the trendline specific to that timeframe. However, the way the indicator draws the trendline is a bit unusual. Still, it may be useful for some of you. There is not much you can change in the…

“Shved Supply & Demand Indicator”. This indicator automatically draws support-resistance areas on the chart. Or to put it more accurately, it automatically draws supply and demand zones. It looks like this. Is it useful? Well, we’ll have to talk about this a bit. The indicator works in your MetaTrader5 terminal. In each timeframe, it draws…

The “Candle Timer Indicator” is a great countdown indicator that shows when the last candle in your current timeframe will close. You’ve heard this a lot in forex trading: “wait for the candle to close”. Where and how the candle closes can change all our trade entry decisions depending on our strategy. For example, we…