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MQL4 Source Codes of Technical Indicators for MetaTrader 4 - 5

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.


The indicator displays the channel.

Displays the probable direction of the price movement in future.

Paints the bars in the color corresponding to the current trend. Based on ADX.

Displays the High and Low price for the specified number of bars.

The RSI based on the MA values. Not as twitchy.

The chart layout in X-points reversal.

This indicator is based on the first version of Sidus trading method. It shows market entry points.

The indicator is replotted when a vertical line is moved.

Splits the chart by horizontal levels after a specified period.

The Past regression deviated indicator.

The indicator plots trend lines based on the two last extremums.

The indicator displays the Baryshpolets channels.

The ASCTrend is the program that determines the most probable direction of the market along with the optimal stops. The primary purpose of the ASCTREND is to determine the trend objectively.

The market volatility indicator.

This version of the indicator combines 3 TrendStrength.

The indicator used to determine the global trend.

This indicator is created to determine the trend and its direction.

Here, the trail line is used instead of the signal line. Trail is the line that is distanced from the current price no more than the trailing length.

The chart contains the main line (the difference between the fast EMA and the slow EMA, applied to the Ticker line) and the signal line (obtained by applying the SMA to the main line).

It is calculated as the difference between two simple moving averages: SMA(5) and SMA(34). Type of the chart: histogram with green and red colored bars.

Two options of the calculation, which creates the Lagrange polynomial based on the reference points.

It is suitable for those who are too lazy to calculate the daily levels.

The indicator of the famous trader Korykin. It helps to enter inside the channel.

Some people think that most indicators, such as: MACD, RSI, AO, AC, are delayed and not convenient to work with. But the MaksiGen KaHaJI ckaJIneP allows to earn 10 points every day persistently.

The result - receive not only the Murray levels on which the pivot points are based, but also their current statistical significance...

Modified LSMA_In_Color indicator. Added: usage of the applied price.

This is an advanced version of RSI. Laguerre converts the signals, so that low-frequency components lag much more that the high-frequency ones.

Trend indicator with a multitude of settings. Displays the direction (red) and strength (blue) of the trend as a two-colored histogram. The main signals are the crossing of the zero line, reaching a new high/low, divergence.

Trend filter. In short, the RSIFilter fails on strong fluctuations, but handles the trend good enough, but if it get improved a bit, it could be able to give clear answers.

Elastic Volume Weighted Moving Average (EVWMA), a natural replacement for the standard moving average.

This is a very simplistic method, one of the best in the signal processing and target tracking.

The indicator is very simple, and it requires certain mental and psychological efforts.

The modified version of the DayImplus 1.1 indicator.

A clearly visible fractal is required to determine a signal. The second point is the presence of an auxiliary (reference) peak. A signal line is drawn from the fractal through this auxiliary peak...

This is an impulse or signal indicator. It is very sensitive and quickly responds to the price movements.

Based on the intersection of the averages. The author of the system states that about 90% of the trades are positive. And considering its exit strategy, it is possible to collect a rather big profit during a trend.

The indicator generates a sound signal and a Sell or Bye window appears.

Directional system (ADX). The directional system has been created by George Wilder in the middle of the 70s as an addition to the PARABOLIC SAR system, and then further developed by a number of analysts.

The properties of this indicator are quite similar to the classic oscillators and exactly the same methods of technical analysis can be applied to it as to the RSI.

The BW2 - WiseMan 1 indicator. Based on the book by Bill Williams - Trading Chaos Second Edition.