MetaTrader 5 Da Vinci Indicator Download – Free | Forex Indicator Download – MT4/MT5 Resource

The DaVinci indicator was developed in MetaTrader 5 based on a combination of three tools: the Relative Strength Index (RSI) , the Commodity Channel Index (CCI) and the Bollinger Bands.

This trading tool uses arrow marks to issue buy and sell signals based on the relationship between these three indicators. Traders can act on these signals based on overall market trends.

DaVinci Indicator Specification Sheet

The table below shows the characteristics of the DaVinci indicator:

DaVinci Indicators at a Glance

The DaVinci indicator identifies suitable buying and selling areas by combining trader behavior with the "RSI" and "CCI" indicators along with Bollinger Bands.

The signal sending conditions are as follows:

• Buy Signal: When the “RSI” and “CCI” indicators confirm oversold conditions and the price reaches the lower Bollinger Band;
• Sell ​​Signal: When the “RSI” and “CCI” indicators confirm overbought conditions and the price crosses the upper Bollinger Bands.

Buy Signal

Based on the XAG/USD chart on the 1-hour time frame, this indicator gives a signal: buy trading position.

In this case, the transaction can remain open until the sell signal is generated.

Sell ​​Signal

Based on the DOGE 1 hour chart cryptocurrency , the red arrow shown on the chart serves as an indication to enter a sell position.

As shown in the chart below, price action turned bearish after the DaVinci indicator issued a trading alert.

DaVinci indicator settings

The settings for the DaVinci indicator are as follows:

Bollinger Bands Settings

• BB Period: Bollinger Band Period
• BB Deviation: standard deviation of the band
• BB Shift: Band shift

CCI Settings

• CCI Period: CCI period
• CCI Applied Price: Applied price
• CCI Oversold: Oversold zone
• CCI Overbought: Overbought zone

RSI Settings

• RSI Period: relative strength index period
• RSI Applied Price: Applied price
• RSI Overbought: RSI overbought zone
• RSI Oversold: RSI oversold zone

Alert Settings

• Alerts ON: Enable alerts
• Message Alert: Text alert
• Email Alert: Email notification
• Sound Alert: Sound notification
• Sound File: Alert sound file

Conclusion

The DaVinci indicator works based on a combination of three tools: Bollinger Bands, “CCI” and “RSI”. Its output is represented as trading signals and displayed directly on the chart.

By analyzing the behavior of these three indicators simultaneously, it identifies optimal entry and exit areas and visually represents price direction through colored arrows .