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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