Technical Indicators Explained, One at a Time
A straight explanation of every indicator worth knowing: what it measures, how to read it, where it works and, just as importantly, where it fails. No hype and no secret settings.
Trend
Is there a trend, and how strong is it.
Moving Averages Explained: SMA vs EMA on MT5
Moving averages explained for MT5 traders: how SMA and EMA differ, the 20, 50 and 200 EMA, golden and death crosses, dynamic…
↗GuideADX Indicator Explained
ADX indicator explained in plain English: what the Average Directional Index measures, how to read DI+ and DI- lines, key value…
↗GuideSuperTrend Indicator Explained
SuperTrend indicator explained in plain English: what SuperTrend is, how the ATR-based trend follower flips bullish and bearish,…
↗GuideParabolic SAR Explained: Trailing Stops and Trend
Parabolic SAR explained in plain English: how the stop and reverse dots flip, using PSAR as a trailing stop in trends, its…
↗GuideIchimoku Cloud Explained: A Full Trend System on MT5
Ichimoku Cloud explained in plain English: learn the five lines, the Kumo, support and resistance, and basic signals, plus how to…
↗GuideAroon Indicator Explained: Spotting New Trends
Aroon indicator explained: how Aroon Up, Aroon Down and the Aroon Oscillator measure trend strength and signal new trends on MT5,…
↗GuideVortex Indicator Explained: Catching Trend Changes
Vortex indicator explained in plain English: what VI+ and VI- measure, how their crossovers signal trend changes, how it compares…
↗GuideTRIX Indicator Explained: Triple-Smoothed Momentum
TRIX indicator explained: the rate of change of a triple-smoothed EMA that oscillates around zero. Learn zero-line crosses, the…
Momentum
How fast price is moving and whether that is fading.
RSI Indicator Explained
RSI indicator explained: what the Relative Strength Index measures, the 70/30 overbought and oversold levels, RSI divergence, and…
↗GuideMACD Indicator Explained: Reading Momentum on MT5
MACD indicator explained in plain English: how the MACD line, signal line, histogram, crossovers, zero-line and divergence reveal…
↗GuideStochastic Oscillator Explained
Stochastic oscillator explained simply: how %K and %D compare the close to the recent range, overbought/oversold at 80/20,…
↗GuideCCI Indicator Explained: Commodity Channel Index
CCI indicator explained: what the Commodity Channel Index measures, the +100 and -100 zones, overbought and oversold, CCI…
↗GuideMomentum Indicator Explained: Speed of Price on MT5
Momentum indicator explained in plain English: how it compares price to N bars ago to show the speed and strength of a move,…
↗GuideAwesome Oscillator Explained: Bill Williams Momentum
Awesome oscillator explained: learn how the AO indicator measures momentum as the gap between a 5 and 34 period median-price SMA,…
↗GuideWilliams %R Explained: A Momentum Oscillator
Williams %R explained in plain English: a momentum oscillator from 0 to -100 that shows where price closed in its recent range,…
↗GuideDeMarker Indicator Explained: Exhaustion and Turns
DeMarker indicator explained: how the DeM oscillator measures buying and selling exhaustion on a 0 to 1 scale, the 0.7 and 0.3…
↗GuideTrue Strength Index (TSI) Explained for Traders
True strength index explained in plain English: how the TSI double-smooths momentum to filter noise, oscillates around zero with…
Volatility and range
How much room price has, and whether the market is going anywhere.
ATR Explained: Measuring Volatility on MT5
ATR indicator explained in plain English: what Average True Range measures, how it is calculated, and how to use ATR for stop…
↗GuideBollinger Bands Explained
Bollinger Bands explained in plain English: a moving average with bands set at standard deviations.
↗GuideKeltner Channels Explained vs Bollinger Bands
Keltner Channels explained in plain English: an EMA with bands set by ATR multiples.
↗GuideDonchian Channels Explained: Breakouts and Range
Donchian channels explained: the upper band is the highest high over N bars, the lower band the lowest low.
↗GuideChoppiness Index Explained: Trend or Range on MT5
Choppiness Index explained: a 0-100 gauge of whether a market is trending or ranging. Learn CHOP thresholds, how to filter out…
Volume and price context
Who is actually behind the move.
VWAP Explained
VWAP indicator explained for MT5 traders: what the volume-weighted average price is, how it differs from a moving average, and…
↗GuideVolume Explained: Reading Participation on MT5
Volume indicator trading explained for MT5: what volume tells you about participation, why rising volume confirms moves and low…
↗GuideOBV Explained: On Balance Volume for Traders
OBV indicator explained: how On Balance Volume tracks buying and selling pressure, how to read OBV trend and OBV divergence, and…
↗GuideMoney Flow Index (MFI) Explained for Traders
Money flow index explained: the MFI indicator is a volume-weighted RSI, a 0-100 momentum oscillator. Learn 80/20 zones, MFI…
↗GuideHeikin Ashi Explained: Smoother Candles on MT5
Heikin Ashi explained: averaged candles that smooth price to reveal trend more clearly.
Levels
The prices the market keeps reacting to.
Pivot Points Explained: Daily Support and Resistance
Pivot points explained for MT5 traders: how the central pivot and R1 to R3 and S1 to S3 levels are calculated, how to use them…
↗GuideCamarilla Pivots Explained: Intraday Levels on MT5
Camarilla pivots explained for MT5 traders: how the H3, L3, H4 and L4 levels are calculated from the prior day high, low and…
↗GuideFibonacci Retracement Explained for Traders
Fibonacci retracement explained: learn the 0.236, 0.382, 0.5, 0.618 and 0.786 levels, how to draw fibs from swing to swing, the…