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MQL4 Source Codes of Technical Indicators for MetaTrader 4 - 55
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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Spearman's Rank Correlation is a non-parametric method used in order to make statistical studies of relations between phenomena. In this case, the factual degree of parallelism between two numeric sequences will be detected.
There are many algorithms of smoothing. This given indicator is for smoothing of standard indicator ADX. The code was translated from Easy Language.
A maximally optimized algorithm of constructing Kaufman AMA (Adaptive Moving Average).
The volatility indicator by Chaikin accounts for the spread changes between the maximal and minimal prices. It defines the volatility value based on the range width between the maximum and minimum.
Zigzag2_R_ is a variant of the indicator Zigzag with an added option of drawing two extremums on one bar.
Chaikin Oscillator (CHO). Based on the book by Eric. L. Nyman Malaya entsiklopedia treidera (Small Encyclopedia of Trader)