Market Power Index MPI: Real-time market balance for informed MT5 trading decisions

This detailed Market Power Index MPI review for 2026 examines performance with transparent metrics and independent analysis. The first-look performance analysis shows how the indicator translates volume and price action into a single market power reading, and the review includes sample results from live-tested accounts and simulation backtests. Market Power Index MPI stands out because it simultaneously quantifies both buying and selling pressure and then applies a momentum filter to reduce whipsaw in sideways markets. The combination is the core differentiator compared with single-sided oscillators. Technically, Market Power Index MPI computes volume-weighted directional movement over configurable lookback windows, normalizes readings across instruments, and applies multi-timeframe agreement to confirm entries. Signals are generated when short-term power direction aligns with medium-term momentum and when thresholds exceed a user-selected confidence level. The algorithm handles trending forex pairs and liquid CFD markets best, while it is deliberately conservative on low-volume assets to avoid noise. Risk management is built into signal logic via suggested stop placement and dynamic position scaling, and the developer provides recommended settings for account sizes and allowed drawdown. Results from testing show consistent behavior: fewer trades in range-bound phases and higher conviction during trend continuation.