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Difference 2 Signals Metatrader 5 Forex Indicator

    The Difference 2 Signals Metatrader 5 forex indicator is a buy/sell technical histogram oscillator.

    It shows you the difference between the current price and the price of N periods in the past.

    Furthermore, the Difference 2 Signals MT5 forex indicator is an improvement from the previous version, where the difference between the current values of bar price (High – Low or Close – Open) and those of the previous N periods is shown.

    The former shows the difference between the current applied prices and those of N periods ago.

    This indicator provides you with easy to read oscillator trading signals in a separate MT4 window.

    Free Download

    Download the “Difference2.ex5” MT5 indicator

    Example Chart

    The EUR/USD H1 chart below displays the Difference 2 Signals Metatrader 5 forex indicator in action.

    Basic Trading Signals

    Buy Signal: Go long when the histograms (green & red) of the Difference 2 Signals Metatrader 5 forex indicator get positioned above the zero center level.

    Sell Signal: Go short when the histograms (green & red) of the Difference 2 Signals Metatrader 5 forex indicator get aligned below the zero center level.

    Exit buy trade: Close all buy orders if while a bullish trend is ongoing, a red histogram of the Difference 2 MT5 indicator pops up below the zero signal level.

    Exit sell trade: Close all sell orders if while a bearish trend is ongoing, a green histogram of the Difference 2 MT5 indicator pops up above the zero signal level.

    Tips: Interestingly, the Difference 2 Signals technical currency indicator is an amazing short-term scalping trading tool.

    It can also do well when adequately tweaked for long-term trading purposes.

    Download

    Download the “Difference2.ex5” Metatrader 5 indicator

    MT5 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 5

    Type: chart window indicator

    Customization options: Variable (Period, Calculation type, Applied price), Colors, width & Style.

    Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

    Type: oscillator

    Installation

    Copy and paste the Difference2.ex5 indicator into the MQL5 indicators folder of the Metatrader 5 trading platform.

    You can access this folder from the top menu as follows:

    File > Open Data Folder > MQL5 > Indicators (paste here)

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