MetaTrader 5 (MT5) offers a wide range of technical indicators to help you analyze the markets and make informed decisions. Here are some of the key indicators available on MT5:
Trend Indicators:
• Moving Average (MA): Simple, Exponential, Smoothed, and Linear Weighted.
• Bollinger Bands: Measures market volatility and provides relative high and low price levels.
• Average Directional Movement Index (ADX): Identifies the strength of a trend.
Oscillators:
• Relative Strength Index (RSI): Measures the speed and change of price movements to identify overbought or oversold conditions.
• Moving Average Convergence Divergence (MACD): Shows the relationship between two moving averages of a security’s price.
• Stochastic Oscillator: Compares a particular closing price of a security to a range of its prices over a certain period.
Volume Indicators:
• On-Balance Volume (OBV): Uses volume flow to predict changes in stock price.
• Money Flow Index (MFI): Combines price and volume data to identify overbought or oversold conditions.
Bill Williams’ Indicators:
• Alligator: Uses three smoothed moving averages to identify the market trend.
• Fractals: Identifies potential reversal points in the market.
• Awesome Oscillator (AO): Measures market momentum.
Custom Indicators:
• MT5 also allows you to create and use custom indicators, which can be developed using the MQL5 programming language.