Best indicators for MT5

The best indicators for MT5 (MetaTrader 5) help traders make informed decisions by analyzing market trends, momentum, and potential reversal points. Some of the most widely used indicators include Moving Averages for trend direction, RSI (Relative Strength Index) for overbought or oversold conditions, Moving Average Convergence Divergence for momentum shifts, Bollinger Bands for price volatility, and Fibonacci Retracement for identifying support and resistance levels. Custom indicators like Funding Pips Tools can also enhance strategy development. These tools offer valuable insights across different trading styles—scalping, day trading, or swing trading.