The Vibrix Forex indicator for Metatrader 5 specializes in plotting the best possible buy & sell price breakout lines on the price chart.
The blue colored line is called resistance, while the red colored line is support.
Utilizing the Vibrix indicator for executing buy and sell trades is a simple process:
- A buy signal is generated when the candle closes above the blue colored Vibrix line.
- A sell signal is generated when the candle closes below the red colored Vibrix line.
The following indicator inputs can be modified: number of ZZ points analyzed, retracement size, high/low max.
Make yourself familiar with this technical indicator and test it first on a demo account until you fully understand how it works.
The Vibrix indicator is compatible with all time frames and can be applied to any Forex pair.
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simplezzlevels.mq5 Indicator (MT5)
Chart Example EURJPY M5
The following picture shows what the Vibrix Forex indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Vibrix Indicator?
Find a simple trading strategy below:
Buy Signal
- A candle close above the blue colored Vibrix resistance line generates a buy trade.
- Open a buy position and place your stop loss below the most recent swing low zone.
- Exit the buy trade for a risk/reward ratio of 1.5 or higher.
Sell Signal
- A candle close below the red colored Vibrix resistance line creates a sell trade.
- Open a sell position and place your stop loss above the most recent swing high area.
- Exit the sell trade for a risk/reward ratio of 1.5 or higher.
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simplezzlevels.mq5 Indicator (MT5)
MT5 Trend-Following Strategy Using Vibrix Forex Indicator and Renko Indicator for MT5
Overview
This strategy combines the precision of the Renko Indicator with the directional confirmation from the Vibrix Forex Indicator.
It filters out market noise and helps traders ride clean trends with higher confidence. Perfect for swing traders and trend followers.
Timeframe
Use Renko chart mode or apply to M15, M30, or H1 charts with Renko-style indicators overlaid. The Vibrix indicator works best in trending markets.
Indicators Used
- Renko Indicator for MT5 – removes time-based noise and emphasizes price action through bricks representing movement only when price exceeds a fixed range.
- Vibrix Forex Indicator – identifies market direction and entry points with color-coded signals and trend line guidance.
Buy Entry Rules
- Renko bricks are printing consecutively higher with no pullback (clear uptrend structure).
- The Vibrix Forex Indicator is showing a bullish signal (green bar or trend line rising).
- Enter a buy trade when both indicators confirm the bullish trend.
- Set a stop-loss below the last Renko swing low or below the Vibrix support line.
- Take profit using the next key resistance level or exit when Vibrix turns neutral or Renko bricks reverse.
Sell Entry Rules
- Renko bricks are printing lower consecutively, showing a clean downtrend.
- The Vibrix Forex Indicator displays a bearish signal (red bar or trend line falling).
- Enter a sell position when both indicators agree on a bearish move.
- Place a stop-loss above the last Renko high or Vibrix resistance line.
- Exit at the next major support or when either indicator signals a trend change.
Tips for Better Results
- Adjust Renko brick size according to the currency pair’s volatility (e.g., 10–20 pips for majors).
- Use during trending sessions like London and New York overlaps.
- Avoid sideways markets where Renko bricks alternate frequently.
- Confirm entries with volume spikes or candlestick patterns if desired.
Strategy Conclusion
This combination offers powerful visual clarity through Renko’s price-action filtering, while the Vibrix Forex Indicator adds smart directional confirmation.
Together, they help traders spot clean breakout and trend continuation setups with minimal noise. This is a strategy well-suited for patient traders who prefer structure and visual simplicity.
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the simplezzlevels.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
