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MQL4 Source Codes of Technical Indicators for MetaTrader 4 - 53

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.


Moving Average of Oscillator is the difference between the oscillator and oscillator smoothing.

The Moving Average Indicator shows the mean instrument price value for a certain period of time.

The Momentum indicator measures the amount that a security’s price has changed over a given time span.

Moving Average Convergence/Divergence (MACD) is the next trend-following dynamic indicator.

Ichimoku Kinko Hyo indicator is predefined to characterize the market trend, Support and Resistance Levels, and to generate signals of buying and selling.

Heiken Ashi - Custom Indicator as Candlesticks Example.

Commodity Channel Index (CCI) indicator measures the deviation of the commodity price from its average statistical price.

Bulls power oscillator (Bulls Power, Bulls) - trend following indicator.

Bears power oscillator (Bears Power, Bears) - trend following indicator.

Bollinger Bands ® Indicator (Bollinger Bands, BB) is plotted a certain number of standard deviations

Awesome Oscillator (AO) is a 34-period simple Moving Average, which is subtracted from the 5-period simple Moving Average.

Average True Range Indicator (ATR) is an indicator that shows volatility of the market.

Alligator indicator is a combination of Balance Lines that use fractal geometry and nonlinear dynamics.

Accumulation/Distribution Indicator is determined by the changes in price and volume.

Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.

Example: Moving Average indicator filling by different colors