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MQL4 Source Codes of Technical Indicators for MetaTrader 4 - 29
The library of technical indicators for MetaTrader 4 developed in MQL4. Regardless of the market (forex, securities or commodity market), indicators help to represent quotes in an accessible form for easy perception.
This section contains thousands of applications that analyze financial markets using different algorithms. Conventionally, they can be divided into a few categories: trend indicators, oscillators, volume indicators and so on. In addition, there are sets of indicators based on algorithms by famous financiers. For example, Bill Williams' indicators and likes of it. All of them are characterized by different parameters of reliability, efficiency, lagging and others. There are more than 2000 indicators for technical analysis: trend indicators, reversal indicators, indicators of levels, predictors, scalping indicators and many others.
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This indicator watches the major currency pairs to find the status of the current candle (Bullish or Bearish) of USD, EUR, and GBP compared to other currencies such as EUR, JPY, GBP, CHF, AUD, and CAD.
This indicator use in cross ( es. EURAUD, GBPAUD, EURGBP, ect) depends of correlation of currency. Usually I use with timaframe Daily. But I think can to use in another timeframe. Important can use in commodity and stocks.
Calculates pips between Order Execution price and and Stoploss or/and Takeprofit price.
Two modified COG indicators. Center of Gravity on Stochastic in sub window and enhanced On Chart COG.
This is the Figurelli RSI automatic gain version, so input parameters is the same as original Welles Wilder RSI (i.e. period setup). The indicator figures out the gain value based in minimal and maximal values inside the sample and period programmed.
The indicator is similar to Bollinger Bands (this same idea), but it uses GruchaAvarage instead of MA for counting.
In my opinion, Welles Wilder RSI (Relative Strength Index) is a great momentum oscillator that works fine for small periods values (from 2 to 20). So I did some changes to it performe as good for greater periods, like 120, introducing a gain variable.
Many consecutive Heiken Ashi candles of the same color often indicate a soon and harsh trend reversal. This indicator shows the number of consecutive same color candles. So you can see overbought and oversold situation at first glance.
A simple tick data collector written in MQL4 for you to collect tick data on any symbol you choose.
A simple signal indicator that detects MACD Main line extreme value. It filters first pike and displays all after the first.
Exponential average true range reduces the lag by applying more weight to recent prices.
Often times I find my chart is too cluttered with indicators to see the price action, however I still need those reference points. My solution was to create an indicator which displays the current level of some of the MA's of the current candle.
YangTrader is a good indicator, it core is price moving and return, when the value crosses 15, maybe it's the best buy time and down cross 80 it's the sell time.
The post-zigzag can count the moving of zigzag line. If see many continuous post on screen, It's will more signal for changing the trend of price.
This uses the standard Bollinger Band calculations to further calculate the width of the Upper and Lower Bands, comparing that number to the Max and Min width of the bands for the last N periods. The results are plotted onto a histogram.
This is the standard Heiken Ashi, but with the option to spot Dojis and color them differently.
Price Alert MetaTrader indicator plays sound alerts when the price reaches certain levels that are specified by the trader.
Simple chart to display the highest and lowest values for a data series over "n" bars period.