The smooth oscillator performed in the form of the color histogram. To great regret, the author of this shrewd indicator didn’t leave any comments about details of his device. The indicator displays the current trends quite well. For a successful work the unique input parameter must have the lowest value.

This indicator was first implemented in MQL4 and published in Code Base at on 02.11.2007. In this version of the indicator I corrected one serious defect of the algorithm. The fact is that he oversaw the future to build his history. There was made the only correct solution to change this capacity to the opposite one and oversee the past.


MT5 Indicator – Download Instructions

PFE2 is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.

PFE2 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 PFE2.mq5?

  • Download PFE2.mq5
  • Copy PFE2.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 PFE2.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator PFE2.mq5 is available on your Chart

How to remove PFE2.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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