The trend indicator drawn in the form of the cloud. The envelope clouds are the weight coefficients of the increments of price for the period. The range of the indicator changes is from 0 to 100%. The value of 100 for the period 25 indicator means that at all previous twenty-five bars, there was an increase of a financial asset price.

This indicator was first implemented in MQL4 and published in Code Base at on 22.06.2008.


MT5 Indicator – Download Instructions

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

PsyIndicator 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 PsyIndicator.mq5?

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

How to remove PsyIndicator.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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