The Beginner indicator is a very simple custom indicator which displays the local peaks and troughs in the chart using pink and blue points next to them. It analyzes the maximums and the minimums on a specific period and compares them with the range in which the currency pair has been traded. If the peak/trough is quite significant, it marks it with a point.


MT5 Indicator – Download Instructions

Beginner is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.

Beginner provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

How to install Beginner.mq5?

  • Download Beginner.mq5
  • Copy Beginner.mq5 to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader 5 Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
  • Right click on Beginner.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator Beginner.mq5 is available on your Chart

How to remove Beginner.mq5 from your Metatrader 5 Chart?

  • Select the Chart where is the Indicator running in your Metatrader Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

Click here below to download MT5 Indicator:


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