Swing Line Histogram Indicator for M5T FREE DOWNLOAD

Swing trading is a popular trading strategy that seeks to capitalize on short- to medium-term price movements in financial markets. To assist swing traders in identifying potential entry and exit points, the Swing Line Histogram Indicator for MT5 was developed. In this article, we will explore the Swing Line Histogram Indicator, its key features, and how traders can download it for free to enhance their swing trading strategies.


The Swing Line Histogram Indicator is a powerful technical analysis tool designed to provide swing traders with insights into market trends and potential reversal points. By plotting a histogram on the price chart, this indicator aims to identify swings in price momentum and highlight critical price levels that may signal trend changes

Understanding the Swing Line Histogram Indicator

The Swing Line Histogram Indicator operates by calculating swing highs and swing lows based on price movements. A swing high is a peak in price that is higher than the highs of the surrounding candles, while a swing low is a trough that is lower than the lows of adjacent candles. By identifying these swing points, the indicator creates a histogram that visually represents the swings in price momentum.

Key Features of the Swing Line Histogram Indicator for MT5

  1. Customizable Parameters: The indicator offers traders the ability to customize its parameters, such as the look-back period, to adapt to different trading styles and timeframes.
  2. Swing Highs and Lows: The Swing Line Histogram Indicator marks swing highs with specific markers above the price chart and swing lows with corresponding markers below the price chart, making them easily identifiable.
  3. Histogram Representation: The indicator plots the swings in a histogram format, allowing traders to visualize changes in price momentum over time.

Key Benefits of the Swing Line Histogram Indicator

  1. Trend Identification: By identifying swing highs and lows, the indicator helps traders identify potential trends and trend reversals in the market.
  2. Support and Resistance Levels: The swing highs and lows can act as support and resistance levels, providing traders with valuable price reference points.
  3. Enhanced Entry and Exit Points: The Swing Line Histogram Indicator can help traders time their entries and exit more effectively, potentially improving overall trade performance.

How to Download the Swing Line Histogram Indicator for MT5

The Swing Line Histogram Indicator for MT5 is available for free download from various online sources. Traders can follow these simple steps to access and install the indicator:

  1. Look for reputable websites or forums that offer custom MT5 indicators for free download.
  2. Search for the Swing Line Histogram Indicator or similar swing trading indicators for MT5.
  3. Download the indicator file to your computer.
  4. Open your MT5 trading platform.
  5. Navigate to the “File” menu in the top-left corner and select “Open Data Folder.”
  6. Locate the “MQL5” directory and find the “Indicators” folder.
  7. Copy the downloaded indicator file into the “Indicators” folder.
  8. Restart your MT5 platform.
  9. The Swing Line Histogram Indicator will now be available in the “Navigator” window, under the “Indicators” section.


The Swing Line Histogram Indicator for MT5 is a valuable tool for swing traders seeking to identify trends, potential reversal points, and support/resistance levels in the market. By marking swing highs and lows and representing them in a histogram format, the indicator offers a visual representation of price momentum changes.

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