Free Download Absolute Strength indicator for Metatrader 5

How to Use the Absolute Strength Indicator in MT5

Are you looking for a reliable tool to measure market momentum and trend direction? The Absolute Strength Indicator for MetaTrader 5 (MT5) is a powerful custom indicator designed to help traders of all levels detect bullish and bearish strength with visual clarity.

In this guide, you’ll learn:

What the Absolute Strength Indicator is
How it works
How to trade using its signals
Why it’s useful for both beginners and experienced traders

What Is the Absolute Strength Indicator?

The Absolute Strength Indicator is a momentum-based indicator that compares the strength of buying (bulls) versus selling (bears) pressure. It appears in a separate window on your MT5 platform and displays two main lines:

Blue Line = Bullish strength (buying power)
Red Line = Bearish strength (selling pressure)

This indicator helps you answer a key question: “Who is in control of the market right now?”

How It Works

Internally, the indicator calculates strength based on price movements—often using different types of price (close, high, low, median, etc.). Then, it smooths and plots two opposing lines that reflect the real-time strength of bulls and bears.

As price action shifts, the indicator updates continuously, helping you anticipate possible trend reversals or trend continuations.

Key Trading Signals

Here’s how you can interpret and use the signals from the Absolute Strength Indicator:

1. Crossovers
When the green line crosses above the red line → Buy signal
When the red line crosses above the green line → Sell signal

2. Trend Strength
The wider the gap between the two lines, the stronger the trend.
Small fluctuations or flat lines indicate a ranging or weak market.

3. Combine With Other Tools
Pair it with Moving Averages or RSI for higher accuracy
Avoid relying solely on this indicator in sideways markets

How to Customize It

Most MT5 versions of this indicator (including the one in the .mq4 file) let you tweak:

Price type: close, high, low, typical, etc.
Line styles and colors
Smoothing options to reduce market noise

These settings allow you to tailor the indicator to match your trading style.

Pros:

Easy to read
Great for trend confirmation
Works well across timeframes

Cons:

May lag in fast-moving markets
Should be combined with other confirmations

Final Tips

Whether you’re a day trader, swing trader, or trend follower, the Absolute Strength Indicator can help you make clearer, more confident decisions. Always back-test and combine it with a solid trading strategy and risk management.

How To Install Metatrader 5 Absolute Strength indicator

Download and save the “Absolute Strength indicator” to your desktop or any other folder located on your computer.
Open your Metatrader 5 platform.
Choose “File” then “Open Data Folder” (Ctrl + Shift + D) on your Metatrader 5 platform.
Explore the following folder: MQL5 > Indicators.
Copy and paste the “Absolute Strength indicator” into this folder.
Tip: Create subfolders inside the main MT5 Indicators folder to help keep your indicators better organized.
Restart your Metatrader 5.
MT5 custom indicators are stored by default in the custom indicator folder.
To access these indicators, go to Top Menu > Insert > Indicators > Custom
In order to add a custom indicator to any of your Metatrader 5 charts, you will need to select a forex chart with one mouse click, then go to Top Menu > Insert > Indicators > Custom > click the “Absolute Strength” indicator.
Done!