Mogalef Bands MT5 Indicator



The technical indicator Mogalef Bands projects to the future the high, median and low levels of the most possible range by taking into account the market environment. This indicator can be applied straight away to any future, stock, index or currency you may be working in.

Technical description:

The indicator checks the values of linear regression values, compares those to extremes of the past deviation bands, and if a break-out in either direction happens, it adjusts the bands as the most probable range in which the price will range.


It can be used as a target for breakouts or take profit/stop losses.

MT5 Indicators – Download Instructions

Mogalef Bands MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.

Mogalef Bands MT5 Indicator 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. Click here for MT5 Strategies

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How to install Mogalef Bands MT5 Indicator.mq5 to your MetaTrader 5 Chart?

  • Download Mogalef Bands MT5 Indicator.mq5
  • Copy Mogalef Bands MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
  • Start or restart your Metatrader 5 Client
  • Select Chart and Timeframe where you want to test your mt5 indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
  • Right click on Mogalef Bands MT5 Indicator.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator Mogalef Bands MT5 Indicator.mq4 is available on your Chart

How to remove Mogalef Bands MT5 Indicator.mq5 from your Metatrader 5 Chart?

  • Select the Chart where is the Indicator running in your Metatrader 5 Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

Mogalef Bands MT5 Indicator (Free Download)

Click here below to download:

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