Articles with examples of indicators developed in MQL5

The articles contain detailed explanation of the attached codes. Download and open them in MetaEditor and program together with the author while reading the article.

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Indicator for Renko charting

The article describes an example of Renko charting and its implementation in MQL5 as an indicator. Modifications of this indicator distinguish it from a classic chart. It can be constructed both in

MQL5 Cookbook: Development of a Multi-Symbol Indicator to Analyze Price Divergence

In this article, we will consider the development of a multi-symbol indicator to analyze price divergence in a specified period of time. The core topics have been already discussed in the previous

MQL5 Cookbook: Developing a Multi-Symbol Volatility Indicator in MQL5

In this article, we will consider the development of a multi-symbol volatility indicator. The development of multi-symbol indicators may present some difficulties for novice MQL5 developers which this

Indicator for Kagi Charting

The article proposes Kagi chart indicator with various charting options and additional functions. Also, indicator charting principle and its MQL5 implementation features are considered. The most

MQL5 Cookbook: Indicator Subwindow Controls - Scrollbar

Let's continue exploring various controls and this time turn our attention to scrollbar. Just like in the previous article entitled "MQL5 Cookbook: Indicator Subwindow Controls - Buttons", all

MQL5 Cookbook: Indicator Subwindow Controls - Buttons

In this article, we will consider an example of developing a user interface with button controls. To convey the idea of interactivity to the user, buttons will change their colors when the cursor

MQL5 Cookbook: Monitoring Multiple Time Frames in a Single Window

There are 21 time frames available in MetaTrader 5 for analysis. You can take advantage of special chart objects that you can place on the existing chart and set the symbol, time frame and some other

Extending MQL5 Standard Library and Reusing Code

MQL5 Standard Library makes your life as a developer easier. Nevertheless, it does not implement all the needs of all developers in the world, so if you feel that you need some more custom stuff you

Indicator for Point and Figure Charting

There are lots of chart types that provide information on the current market situation. Many of them, such as Point and Figure chart, are the legacy of the remote past. The article describes an

The ZigZag Indicator: Fresh Approach and New Solutions

The article examines the possibility of creating an advanced ZigZag indicator. The idea of identifying nodes is based on the use of the Envelopes indicator. We assume that we can find a certain

MQL5 Programming Basics: Time

The article focuses on standard MQL5 functions for working with time, as well as programming techniques and practically useful functions for working with time that are required when creating Expert

Debugging MQL5 Programs

This article is intended primarily for the programmers who have already learned the language but have not fully mastered the program development yet. It reveals some debugging techniques and presents

Calculation of Integral Characteristics of Indicator Emissions

Indicator emissions are a little-studied area of market research. Primarily, this is due to the difficulty of analysis that is caused by the processing of very large arrays of time-varying data

The Simple Example of Creating an Indicator Using Fuzzy Logic

The article is devoted to the practical application of the fuzzy logic concept for financial markets analysis. We propose the example of the indicator generating signals based on two fuzzy rules based

Create Your Own Graphical Panels in MQL5

The MQL5 program usability is determined by both its rich functionality and an elaborate graphical user interface. Visual perception is sometimes more important than fast and stable operation. Here is

Object-Oriented Approach to Building Multi-Timeframe and Multi-Currency Panels

This article describes how object-oriented programming can be used for creating multi-timeframe and multi-currency panels for MetaTrader 5. The main goal is to build a universal panel, which can be

MQL5-RPC. Remote Procedure Calls from MQL5: Web Service Access and XML-RPC ATC Analyzer for Fun and Profit

This article describes MQL5-RPC framework that enables Remote Procedure Calls from MQL5. It starts with XML-RPC basics, MQL5 implementation and follows with two real usage examples. First example is

3 Methods of Indicators Acceleration by the Example of the Linear Regression

The article deals with the methods of indicators computational algorithms optimization. Everyone will find a method that suits his/her needs best. Three methods are described here.One of them is quite

Decreasing Memory Consumption by Auxiliary Indicators

If an indicator uses values of many other indicators for its calculations, it consumes a lot of memory. The article describes several methods of decreasing the memory consumption when using auxiliary

Advanced Adaptive Indicators Theory and Implementation in MQL5

This article will describe advanced adaptive indicators and their implementation in MQL5: Adaptive Cyber Cycle, Adaptive Center of Gravity and Adaptive RVI. All indicators were originally presented in

Using MetaTrader 5 Indicators with ENCOG Machine Learning Framework for Timeseries Prediction

This article presents connecting MetaTrader 5 to ENCOG - Advanced Neural Network and Machine Learning Framework. It contains description and implementation of a simple neural network indicator based

The Indicators of the Micro, Middle and Main Trends

The aim of this article is to investigate the possibilities of trade automation and the analysis, on the basis of some ideas from a book by James Hyerczyk "Pattern, Price & Time: Using Gann Theory in

The Implementation of Automatic Analysis of the Elliott Waves in MQL5

One of the most popular methods of market analysis is the Elliott Wave Principle. However, this process is quite complicated, which leads us to the use of additional tools. One of such instruments is

Econometric Approach to Analysis of Charts

This article describes the econometric methods of analysis, the autocorrelation analysis and the analysis of conditional variance in particular. What is the benefit of the approach described here? Use

Parallel Calculations in MetaTrader 5

Time has been a great value throughout the history of mankind, and we strive not to waste it unnecessarily. This article will tell you how to accelerate the work of your Expert Advisor if your

Building a Spectrum Analyzer

This article is intended to get its readers acquainted with a possible variant of using graphical objects of the MQL5 language. It analyses an indicator, which implements a panel of managing a simple

Drawing Channels - Inside and Outside View

I guess it won't be an exaggeration, if I say the channels are the most popular tool for the analysis of market and making trade decisions after the moving averages. Without diving deeply into the

Moving Mini-Max: a New Indicator for Technical Analysis and Its Implementation in MQL5

In the following article I am describing a process of implementing Moving Mini-Max indicator based on a paper by Z.G.Silagadze 'Moving Mini-max: a new indicator for technical analysis'. The idea of

Create your own Market Watch using the Standard Library Classes

The new MetaTrader 5 client terminal and the MQL5 Language provides new opportunities for presenting visual information to the trader. In this article, we propose a universal and extensible set of

Creating an Indicator with Multiple Indicator Buffers for Newbies

The complex codes consist of a set of simple codes. If you are familiar with them, it doesn't look so complicated. In this article, we will consider how to create an indicator with multiple indicator

Analyzing Candlestick Patterns

Construction of Japanese candlestick chart and analysis of candlestick patterns constitute an amazing area of technical analysis. The advantage of candlesticks is that they represent data in such a

How to Create Your Own Trailing Stop

The basic rule of trader - let profit to grow, cut off losses! This article considers one of the basic techniques, allowing to follow this rule - moving the protective stop level (Stop loss level)

Creating Multi-Colored Indicators in MQL5

In this article, we will consider how to create multi-colored indicators or convert the existing ones to multi-color. MQL5 allows to represent the information in the convenient form. Now it isn't

Transferring Indicators from MQL4 to MQL5

This article is dedicated to peculiarities of transferring price constructions written in MQL4 to MQL5. To make the process of transferring indicator calculations from MQL4 to MQL5 easier, the

The Principles of Economic Calculation of Indicators

Calls to user and technical indicators takes up very little space in the program code of automated trading systems. Often it’s simply a few code lines. But it often happens that it is these few lines

Creating a Multi-Currency Indicator, Using a Number of Intermediate Indicator Buffers

There has been a recent rise of interest in the cluster analyses of the FOREX market. MQL5 opens up new possibilities of researching the trends of the movement of currency pairs. A key feature of

Practical Application Of Databases For Markets Analysis

Working with data has become the main task for modern software - both for standalone and network applications. To solve this problem a specialized software were created. These are Database Management

Creating an Indicator with Graphical Control Options

Those who are familiar with market sentiments, know the MACD indicator (its full name is Moving Average Convergence/Divergence) - the powerful tool for analyzing the price movement, used by traders

Creating Tick Indicators in MQL5

In this article, we will consider the creation of two indicators: the tick indicator, which plots the tick chart of the price and tick candle indicator, which plot candles with the specified number of

The Drawing Styles in MQL5

There are 6 drawing styles in MQL4 and 18 drawing styles in MQL5. Therefore, it may be worth writing an article to introduce MQL5's drawing styles. In this article, we will consider the details of