MT5 offers a wide range of built-in indicators for technical analysis, categorized into different groups:
Trend Indicators:
- Moving Average (MA): Shows the average price over a specific period to identify trends.
- Bollinger Bands: Measures market volatility and potential overbought or oversold conditions.
- Parabolic SAR: Helps determine potential reversal points.
Oscillators:
- Relative Strength Index (RSI): Evaluates price momentum and identifies overbought/oversold conditions.
- MACD (Moving Average Convergence Divergence): Analyses the relationship between two moving averages.
- Stochastic Oscillator: Indicates price momentum and potential trend reversals.
Volumes:
- Volume Indicator: Measures the trading volume over a certain period.
- On-Balance Volume (OBV): Shows the cumulative volume to assess buying or selling pressure.
Bill Williams Indicators:
- Alligator: Identifies trends using three moving averages with different periods.
- Fractals: Highlights potential reversal points on a price chart.
Custom Indicators:
- Users can create or add custom indicators to suit their trading strategies (see section 5).
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