Articles on the MQL5 programming and use of technical indicators

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Technical indicators constitute an important part of trading, and every trader tries to find something new. The authors of these articles talk about econometrics and machine learning, automatic marking of Elliott Waves and digital filters - everything from the classical methods of analysis to the modern interpretation of classical ideas.

The category features articles that will teach you how to develop a custom indicator and contains unique collections of ready-to-use mathematically explained William Blau's trading ideas.

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Learn how to design a trading system by Parabolic SAR

In this article, we will continue our series about how to design a trading system using the most popular indicators. In this article, we will learn about the Parabolic SAR indicator in detail and how

Multiple indicators on one chart (Part 04): Advancing to an Expert Advisor

In my previous articles, I have explained how to create an indicator with multiple subwindows, which becomes interesting when using custom indicators. This time we will see how to add multiple windows

Learn how to design a trading system by ATR

In this article, we will learn a new technical tool that can be used in trading, as a continuation within the series in which we learn how to design simple trading systems. This time we will work with

Multiple indicators on one chart (Part 03): Developing definitions for users

Today we will update the functionality of the indicator system for the first time. In the previous article within the "Multiple indicators on one chart" we considered the basic code which allows using

Multiple indicators on one chart (Part 02): First experiments

In the previous article "Multiple indicators on one chart" I presented the concept and the basics of how to use multiple indicators on one chart. In this article, I will provide the source code and

Learn how to design a trading system by ADX

In this article, we will continue our series about designing a trading system using the most popular indicators and we will talk about the average directional index (ADX) indicator. We will learn this

Learn how to design a trading system by Stochastic

In this article, we continue our learning series — this time we will learn how to design a trading system using one of the most popular and useful indicators, which is the Stochastic Oscillator

Learn how to design a trading system by MACD

In this article, we will learn a new tool from our series: we will learn how to design a trading system based on one of the most popular technical indicators Moving Average Convergence Divergence

Multiple indicators on one chart (Part 01): Understanding the concepts

Today we will learn how to add multiple indicators running simultaneously on one chart, but without occupying a separate area on it. Many traders feel more confident if they monitor multiple

Learn how to design a trading system by CCI

In this new article from our series for learning how to design trading systems, I will present the Commodities Channel Index (CCI), explain its specifics, and share with you how to create a trading

Learn how to design a trading system by Momentum

In my previous article, I mentioned the importance of identifying the trend which is the direction of prices. In this article I will share one of the most important concepts and indicators which is

Learn how to design a trading system by RSI

In this article, I will share with you one of the most popular and commonly used indicators in the world of trading which is RSI. You will learn how to design a trading system using this indicator

Learn how to design a trading system by Envelopes

In this article, I will share with you one of the methods of how to trade bands. This time we will consider Envelopes and will see how easy it is to create some strategies based on the Envelopes

Learn how to design a trading system by Bollinger Bands

In this article, we will learn about Bollinger Bands which is one of the most popular indicators in the trading world. We will consider technical analysis and see how to design an algorithmic trading

Improved candlestick pattern recognition illustrated by the example of Doji

How to find more candlestick patterns than usual? Behind the simplicity of candlestick patterns, there is also a serious drawback, which can be eliminated by using the significantly increased

Learn how to design different Moving Average systems

There are many strategies that can be used to filter generated signals based on any strategy, even by using the moving average itself which is the subject of this article. So, the objective of this

Universal regression model for market price prediction (Part 2): Natural, technological and social transient functions

This article is a logical continuation of the previous one. It highlights the facts that confirm the conclusions made in the first article. These facts were revealed within ten years after its

Manual charting and trading toolkit (Part III). Optimization and new tools

In this article, we will further develop the idea of drawing graphical objects on charts using keyboard shortcuts. New tools have been added to the library, including a straight line plotted through

Dealing with Time (Part 1): The Basics

Functions and code snippets that simplify and clarify the handling of time, broker offset, and the changes to summer or winter time. Accurate timing may be a crucial element in trading. At the current

Exploring options for creating multicolored candlesticks

In this article I will address the possibilities of creating customized indicators with candlesticks, pointing out their advantages and disadvantages

Bid/Ask spread analysis in MetaTrader 5

An indicator to report your brokers Bid/Ask spread levels. Now we can use MT5s tick data to analyze what the historic true average Bid/Ask spread actually have recently been. You shouldn't need to

Patterns with Examples (Part I): Multiple Top

This is the first article in a series related to reversal patterns in the framework of algorithmic trading. We will begin with the most interesting pattern family, which originate from the Double Top

Better Programmer (Part 02): Stop doing these 5 things to become a successful MQL5 programmer

This is the must read article for anyone wanting to improve their programming career. This article series is aimed at making you the best programmer you can possibly be, no matter how experienced you

Cluster analysis (Part I): Mastering the slope of indicator lines

Cluster analysis is one of the most important elements of artificial intelligence. In this article, I attempt applying the cluster analysis of the indicator slope to get threshold values for

Analyzing charts using DeMark Sequential and Murray-Gann levels

Thomas DeMark Sequential is good at showing balance changes in the price movement. This is especially evident if we combine its signals with a level indicator, for example, Murray levels. The article

Timeseries in DoEasy library (part 53): Abstract base indicator class

The article considers creation of an abstract indicator which further will be used as the base class to create objects of library’s standard and custom indicators

Timeseries in DoEasy library (part 52): Cross-platform nature of multi-period multi-symbol single-buffer standard indicators

In the article, consider creation of multi-symbol multi-period standard indicator Accumulation/Distribution. Slightly improve library classes with respect to indicators so that, the programs developed

Timeseries in DoEasy library (part 51): Composite multi-period multi-symbol standard indicators

In the article, complete development of objects of multi-period multi-symbol standard indicators. Using Ichimoku Kinko Hyo standard indicator example, analyze creation of compound custom indicators

Timeseries in DoEasy library (part 50): Multi-period multi-symbol standard indicators with a shift

In the article, let’s improve library methods for correct display of multi-symbol multi-period standard indicators, which lines are displayed on the current symbol chart with a shift set in the

What is a trend and is the market structure based on trend or flat?

Traders often talk about trends and flats but very few of them really understand what a trend/flat really is and even fewer are able to clearly explain these concepts. Discussing these basic terms is

Timeseries in DoEasy library (part 49): Multi-period multi-symbol multi-buffer standard indicators

In the current article, I will improve the library classes to implement the ability to develop multi-symbol multi-period standard indicators requiring several indicator buffers to display their data

Timeseries in DoEasy library (part 48): Multi-period multi-symbol indicators on one buffer in a subwindow

The article considers an example of creating multi-symbol multi-period standard indicators using a single indicator buffer for construction and working in the indicator subwindow. I am going to

Timeseries in DoEasy library (part 47): Multi-period multi-symbol standard indicators

In this article, I will start developing the methods of working with standard indicators, which will ultimately allow creating multi-symbol multi-period standard indicators based on library classes

Calculating mathematical expressions (Part 2). Pratt and shunting yard parsers

In this article, we consider the principles of mathematical expression parsing and evaluation using parsers based on operator precedence. We will implement Pratt and shunting-yard parser, byte-code

Timeseries in DoEasy library (part 45): Multi-period indicator buffers

In this article, I will start the improvement of the indicator buffer objects and collection class for working in multi-period and multi-symbol modes. I am going to consider the operation of buffer

Manual charting and trading toolkit (Part I). Preparation: structure description and helper class

This is the first article in a series, in which I am going to describe a toolkit which enables manual application of chart graphics by utilizing keyboard shortcuts. It is very convenient: you press

Timeseries in DoEasy library (part 44): Collection class of indicator buffer objects

The article deals with creating a collection class of indicator buffer objects. I am going to test the ability to create and work with any number of buffers for indicators (the maximum number of

Timeseries in DoEasy library (part 43): Classes of indicator buffer objects

The article considers the development of indicator buffer object classes as descendants of the abstract buffer object simplifying declaration and working with indicator buffers, while creating custom

Multicurrency monitoring of trading signals (Part 5): Composite signals

In the fifth article related to the creation of a trading signal monitor, we will consider composite signals and will implement the necessary functionality. In earlier versions, we used simple

Timeseries in DoEasy library (part 42): Abstract indicator buffer object class

In this article, we start the development of the indicator buffer classes for the DoEasy library. We will create the base class of the abstract buffer which is to be used as a foundation for the