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MQL4 Source Codes of Technical Indicators for MetaTrader 4 - 52
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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The Mass Index is intended for detection of trend turns based on changes in the bandwidth between the maximal and the minimal price. If the bandwidth expands, the Mass Index increases, if it narrows, the index decreases.
The indicator is equivalent of one of the oldest classical indicators, ROC. The prices are replaced with volumes in this present indicator.
The indicator Williams' Accumulation/Distribution, W_A/D is the accumulated sum of positive "accumulative" price movements and negative "distributive" ones.
Ultimate oscillator offered by Larry Williams is a weighted average of values of three stochastic indicators defined on a short, medium and long periods.