Best indicators for MT5

MetaTrader 5 (MT5) offers a range of powerful indicators to enhance trading analysis. Some of the best indicators for MT5 include moving averages, which help identify trends; relative strength index (RSI) for gauging momentum; Bollinger Bands for volatility measurement; and MACD (moving average convergence divergence) for trend confirmation. Fibonacci retracement is widely used for support and resistance levels, while Ichimoku Kinko Hyo provides a comprehensive market view. Volume profile and pivot points further assist in strategic decision-making. These indicators help traders refine their strategies and improve market predictions on MT5.