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MQL5 Source Codes of Technical Indicators for MetaTrader 5
MQL5 technical indicators analyze MetaTrader 5 price charts on Forex, as well as stock and commodity markets. Indicators define trend direction and power, overbought and oversold states, support and resistance levels. Underlying mathematical models provide objective assessment of the current market state allowing traders to accept or reject trading system's signals.
You can download and launch offered indicators in MetaTrader 5. The library of indicators is also available directly from MetaTrader 5 platform and MetaEditor development environment.
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Allows you to easily visualize bullish and bearish periods confirmed by the zigzag indicator using vlines. You can control the display of the zigzag, choosing to start from the beginning of the chart or from a certain number of bars, as well as the display of labels showing the price of the peak or trough, the direction of the past period, and its amplitude in pips. Of course, it works on the main window as well as on sub-windows. WARNING!!! This is a valuable aid to understanding and calibrating indicators and developing strategies, but it is not intended for direct use. Translated with DeepL.com (free version)
The WaveTrend Indicator (WT) is a powerful technical analysis tool designed to identify trend direction and potential reversal points. It plots two lines, WT1 and WT2 , in a separate window, calculated based on price momentum and smoothed averages.
A stripped-down (signal line only) version of Metaquotes' MACD indicator from the MT5==>Indicators==>Examples folder.
This powerful tool filters the classic RSI through a moving average, providing a smoother, more reliable signal line for pinpointing entries, exits, and trend direction with unparalleled clarity.
Fractal with CCI Filter - Indicator that combines traditional fractals with the CCI filter to reduce false signals. Shows red arrows above the candles for bullish fractals (sell) when the CCI is above the configured threshold and green arrows below the candles for bearish fractals (buy) when the CCI is below the negative threshold. Perfect for identifying reversal points with greater reliability.
Modified standard ZigZag indicator with the addition of information about wavelength in pips, levels and different alerts logic
Adaptive CCI - Commodity Channel Index with dynamically adjusting upper and lower limits based on market volatility. Eliminates fixed thresholds (like 100/-100) by using EMA-smoothed peaks and troughs, providing more reliable overbought/oversold signals tailored to each asset's current volatility. Perfect for identifying high-probability reversal points with adaptive confirmation levels.
A price increase indicator calculates margin and price changes in per cent.
It is an indicator that determines target levels according to the average of price movements.
Profit Maximiser (PMax) Indicator is an indicator created by integrating the moving average of the Supertrend indicator.
Zigzag which changes wave direction based on price percentage change on the asset
Historical equity of one-time and one-time open virtual positions to analyse the efficiency of spread/equity trading
The indicator implements some of the most interesting approaches to measuring correlations
Indicator Description – Bollinger Bands Crossover Signals Name: Bollinger Bands Crossover Signals Version: 1.1 Author: BENALI Link: https://www.mql5.com/en/users/dahmi_benali
The Standard fractals are 2 candles to the right and 2 candles to the left. With this Custom Fractals you can choose as many candles as you like, both to the left and to the right.
The Value Area Retracement indicator, is a powerful volume profile-based tool designed to identify key trading levels—Point of Control (POC), Value Area High (VAH), Value Area Low (VAL), and Profile High/Low—across different timeframes. It helps traders spot potential retracement opportunities to the POC, breakout zones, and value areas, making it useful for intraday, swing, and position trading.
SmartFibo is a powerful MQL5 custom indicator that automatically draws Fibonacci retracement and extension levels based on the ZigZag algorithm, ideal for trading ABCD patterns. It supports both wick-to-wick and body-to-body Fibonacci calculations, making it versatile for various trading strategies, including JPY pairs.
Historical equity of one-time and one-time open virtual positions to analyse the efficiency of spread/equity trading
An indicator that provides a clear visualization of volume pressure on each side of the market
BBMA ZoneZeroLoss Histogram shows trading zones e.g. for "Reentry" setup for risk minimisation
A lightweight, customizable tool that displays server time on your chart for precise trading decisions.
This MetaTrader 5 (MT5) custom indicator, boomSpikeBoxMitigationFinal.mq5, detects a specific bullish spike pattern on the chart and marks entry zones using rectangles and horizontal lines. Once the price returns to ("mitigates") the entry level, the entry line is shortened to the mitigation point.
The SuperTrend Indicator is a dynamic trend-following tool based on ATR. It plots a colored line above or below price to indicate bullish or bearish conditions. When the price crosses the line, a signal arrow appears. Fully customizable with ATR period, multiplier, arrows, labels, and colors. Suitable for all instruments and timeframes. Ideal for scalping, swing, and intraday trading. Combine it with other indicators for stronger setups.
This simple indicator is to find out easily when the price reaches a particular time on any candle or time frame.
"2 Moving Averages with Bollinger Bands" is a custom MT5 indicator that combines two configurable moving averages and optional Bollinger Bands. It generates real-time Buy and Sell arrows when crossovers occur, with optional alerts, sound, and email notifications. Suitable for all timeframes and symbols
Candle Replay Magnifier visually replays historical candles over the current chart area for comparative analysis. This indicator overlays past price bars from a selected date onto the live chart, allowing traders to study candle patterns, volatility, and structure in real time. Includes dynamic range highlighting and detailed tooltips showing open, high, low, close, range, direction, time, and volume for each replay candle.
Volatility indicator with a threshold line based on the Generalized AutoRegressive Conditional Heteroskedasticiticy (GARCH) statistical model used for time series analysis and forecasting.
The AutoTrendLines indicator automatically draws support and resistance trend lines on your MetaTrader 5 chart. It identifies key price levels using two methods: Two Extremums (Type 1) or Extremum and Delta (Type 2). The lines are recalculated only when a new bar forms, ensuring efficient performance.
Monthly VWAP (Volume Weighted Average Price) is an essential MQL5 indicator that calculates and displays the Volume Weighted Average Price for each trading month. It's a powerful tool for understanding long-term market sentiment, identifying key monthly fair value, and informing strategic decisions.
Weekly VWAP (Volume Weighted Average Price) is a powerful MQL5 indicator that calculates and displays the Volume Weighted Average Price for each trading week. It's a crucial tool for identifying weekly fair value and understanding the underlying sentiment over a longer timeframe.
Daily VWAP (Volume Weighted Average Price) is a simple yet powerful indicator that calculates and displays the Volume Weighted Average Price for each trading day. Ideal for identifying intraday fair value and supporting your daily trading decisions.
The Watermark indicator is lightweight and efficient, designed to display an informative watermark over the main MetaTrader 5 chart. It automatically shows the current symbol, chart time and asset description, allowing traders to customise their interface with style and convenience.
Trend Equilibrium Indicator TrendEQ dynamically analyses market trends by combining momentum and volatility. By measuring momentum against market trends, TrendEQ provides a reliable measure of trend strength and direction.
A compound interest calculator for the trader. Calculates, based on your parameters, your risk of ruin, and the optimal risk per trade. Gives a forecast of your capital size in a year, month, and at the end of the term.
The "Candle_size.mq5" indicator was developed to display the size of candles on the chart, providing a clear and detailed visual analysis of price movements. It calculates the difference between the high and low prices of each candle and displays the formatted value as text next to the corresponding candle. This feature is especially useful for traders who want to assess volatility or identify specific patterns of price behaviour.