Articles on the MQL5 programming and use of technical indicators

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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Developing the oscillator-based ZigZag indicator. Example of executing a requirements specification

The article demonstrates the development of the ZigZag indicator in accordance with one of the sample specifications described in the article "How to prepare Requirements Specification when ordering

ZUP - Universal ZigZag with Pesavento patterns. Search for patterns

The ZUP indicator platform allows searching for multiple known patterns, parameters for which have already been set. These parameters can be edited to suit your requirements. You can also create new

Synchronizing several same-symbol charts on different timeframes

When making trading decisions, we often have to analyze charts on several timeframes. At the same time, these charts often contain graphical objects. Applying the same objects to all charts is

How to create Requirements Specification for ordering an indicator

Most often the first step in the development of a trading system is the creation of a technical indicator, which can identify favorable market behavior patterns. A professionally developed indicator

Automatic construction of support and resistance lines

The article deals with automatic construction of support/resistance lines using local tops and bottoms of price charts. The well-known ZigZag indicator is applied to define these extreme values

The NRTR indicator and trading modules based on NRTR for the MQL5 Wizard

In this article we are going to analyze the NRTR indicator and create a trading system based on this indicator. We are going to develop a module of trading signals that can be used in creating

Comparing different types of moving averages in trading

This article deals with seven types of moving averages (MA) and a trading strategy to work with them. We also test and compare various MAs at a single trading strategy and evaluate the efficiency of

A New Approach to Interpreting Classic and Hidden Divergence

The article considers the classic method for divergence construction and provides an additional divergence interpretation method. A trading strategy was developed based on this new interpretation

Auto search for divergences and convergences

The article considers all kinds of divergence: simple, hidden, extended, triple, quadruple, convergence, as well as divergences of A, B and C classes. A universal indicator for their search and

The Flag Pattern

The article provides the analysis of the following patterns: Flag, Pennant, Wedge, Rectangle, Contracting Triangle, Expanding Triangle. In addition to analyzing their similarities and differences, we

Naive Bayes classifier for signals of a set of indicators

The article analyzes the application of the Bayes' formula for increasing the reliability of trading systems by means of using signals from multiple independent indicators. Theoretical calculations

Developing custom indicators using CCanvas class

The article deals with developing custom graphical indicators using graphical primitives of the CCanvas class

Forecasting market movements using the Bayesian classification and indicators based on Singular Spectrum Analysis

The article considers the ideology and methodology of building a recommendatory system for time-efficient trading by combining the capabilities of forecasting with the singular spectrum analysis (SSA)

DiNapoli trading system

The article describes the Fibo levels-based trading system developed by Joe DiNapoli. The idea behind the system and the main concepts are explained, as well as a simple indicator is provided as an

An example of an indicator drawing Support and Resistance lines

The article provides an example of how to implement an indicator for drawing support and resistance lines based on formalized conditions. In addition to having a ready-to-use indicator, you will see

Thomas DeMark's Sequential (TD SEQUENTIAL) using artificial intelligence

In this article, I will tell you how to successfully trade by merging a very well-known strategy and a neural network. It will be about the Thomas DeMark's Sequential strategy with the use of an

3D Modeling in MQL5

A time series is a dynamic system, in which values of a random variable are received continuously or at successive equally spaced points in time. Transition from 2D to 3D market analysis provides a

Auto detection of extreme points based on a specified price variation

Automation of trading strategies involving graphical patterns requires the ability to search for extreme points on the charts for further processing and interpretation. Existing tools do not always

Statistical distributions in the form of histograms without indicator buffers and arrays

The article discusses the possibility of plotting statistical distribution histograms of market conditions with the help of the graphical memory meaning no indicator buffers and arrays are applied

How to quickly develop and debug a trading strategy in MetaTrader 5

Scalping automatic systems are rightfully regarded the pinnacle of algorithmic trading, but at the same time their code is the most difficult to write. In this article we will show how to build

Rope Indicator by Erik Nayman

The article reveals how the "Rope" indicator is created based on "The Small Encyclopedia of Trader" by Erik L. Nayman. This indicator shows the direction of the trend using the calculated values of

Market Theory

A logically complete market theory that would cover all types and varieties of markets for goods and services, micro and macro markets like Forex, hasn't been available until now. This article covers

MQL5 for beginners: Anti-vandal protection of graphic objects

What should your program do, if graphic control panels have been removed or modified by someone else? In this article we will show you how not to have "ownerless" objects on the chart, and how not to

Using Layouts and Containers for GUI Controls: The CGrid Class

This article presents an alternative method of GUI creation based on layouts and containers, using one layout manager — the CGrid class. The CGrid class is an auxiliary control that acts as a

Drawing Dial Gauges Using the CCanvas Class

We can find dial gauges in cars and airplanes, in industrial production and everyday life. They are used in all spheres which require quick response to behavior of a controlled value. This article

Tips for Purchasing a Product on the Market. Step-By-Step Guide

This step-by-step guide provides tips and tricks for better understanding and searching for a required product. The article makes an attempt to puzzle out different methods of searching for an

Third Generation Neural Networks: Deep Networks

This article is dedicated to a new and perspective direction in machine learning - deep learning or, to be precise, deep neural networks. This is a brief review of second generation neural networks

Indicator for Constructing a Three Line Break Chart

This article is dedicated to the Three Line Break chart, suggested by Steve Nison in his book "Beyond Candlesticks". The greatest advantage of this chart is that it allows filtering minor fluctuations

Freelance Jobs on - Developer's Favorite Place

Developers of trading robots no longer need to market their services to traders that require Expert Advisors - as now they will find you. Already, thousands of traders place orders to MQL5 freelance

Outline of MetaTrader Market (Infographics)

A few weeks ago we published the infographic on Freelance service. We also promised to reveal some statistics of the MetaTrader Market. Now, we invite you to examine the data we have gathered Freelance: Developers' Source of Income (Infographic)

On the occasion of the MQL5 Freelance Service fourth birthday, we have prepared an info-graphic demonstrating the service results for the entire time of its existence. The figures speak for

How to implement traders' orders and make a profit in the MQL5 Freelance service

MQL5 Freelance is an online service where developers get paid for creating trading applications ordered by traders. Now, traders understand the difference between all the services on a

Do Traders Need Services From Developers?

Algorithmic trading becomes more popular and needed, which naturally led to a demand for exotic algorithms and unusual tasks. To some extent, such complex applications are available in the Code Base

Continuous futures contracts in MetaTrader 5

A short life span of futures contracts complicates their technical analysis. It is difficult to technically analyze short charts. For example, number of bars on the day chart of the UX-9.13 Ukrainian

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

Creating Non-Lagging Digital Filters

The article describes one of the approaches to determining a useful signal (trend) in stream data. Small filtering (smoothing) tests applied to market quotes demonstrate the potential for creating

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

Technical Indicators and Digital Filters

In this article, technical indicators are treated as digital filters. Operation principles and basic characteristics of digital filters are explained. Also, some practical ways of receiving the filter

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

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