Averages heatmap – indicator for MetaTrader 5

  • Platform: Metatrader5
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • Plotting up to 256 averages slopes using two color line for each average slope. Supported average types in this version.

    • Simple MA
    • Exponential MA
    • Smoothed MA
    • Linear weighted MA

    Usual stuff included too (line styles, colors, weights) and usual set of 22 types of prices. This indicator is the same as averages rainbow except that it draws only a two state heatmap which is basically the slope of the average. In the example picture rainbow is on the main chart and heatmap is in its sub-window.

  • How to install MT5 indicator?
  • 1. On the desktop, double-click to open the MT45 trading platform software you installed.
  • 2. Click on “File” in the upper left corner – “Open Data Folder”, double-click the MQL5 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT5, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window