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MQL4 Source Code Library for MetaTrader 4 - 32
The largest library features codes of free trading Expert Advisors, technical indicators and scripts. With the available applications you can trade in automated mode and analyze price dynamics. Use the library of codes to learn more about financial market sentiments.
Download free applications, test them and run in your MetaTrader 4. You can access them from the MetaTrader 4 platform and the MetaEditor development environment.
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A simple indicator that demonstrates the general principle of displaying multiple indicators from different timeframes in a single window
Small indicator for monitoring the history of closed and the status of open orders on the chart. Red - unprofitable order, green - profitable.
An interesting attempt to make levels based on ZigZag values. This indicator is strongly recommended for those who can not "feel" the market. The indicator gives a very clear view of the market.
The FTLM hist indicator is one of many digital indicators that emerged after some of the articles by Vladimir Kravchuk.
The TRIX indicator represents the rate-of-change percentage, smoothed by the exponential МА of the closing price.
When applied to financial markets this method is usually used to determine the moments of prices extreme deviation from the "standard" level.
Smoothing for the ADX indicator. Recalculates the specified number of bars at every tick (not optimized)
The first version of the wlxBWWiseMan indicator. Displays the candles of trend changes.
Script for preparing the "minute bars" from forexite.com to be imported to MetaTrader 4
The indicator is based on comparison of the current price to six simple moving averages with the periods 10, 20, 30, 40, 50 and 60. The values of the indicator are fixed: -100, -66, -33, 0, 33, 66, 100.
The script plots one Fibo line based on the latest ZigZag. This is a remarkable tool to get rid of unnecessary work for those who constantly place Fibo grids (the majority).
The indicator plots four different Fibo lines based on four latest ZigZags. Useful when applied on the higher timeframes.
Superposition of Stoch and RSI. One of the most commonly used indicators. This is the most fortunate and useful indicator.
One of the most interesting modifications of Bollinger bands. It shows the standard deviation in the bar representation.
Another indicator based on the «Bollinger bands». Good for displaying «Where the trend is, and where the flat is».
Murrey Math (ММ) is a trading system suitable for any markets. The MM system comprises two main components: geometry, used for measuring the price movements of the specified market, and a set of rules based on the Gann technique and Japanese candlesticks.
The idea of this indicator is quite simple: draw lines to remember the current phase of the market and who "rules" the market.
As it can be seen, the indicator is perfect. Simply buy at the second black bar and sell at the second red bar. And take all the movement literally pip by pip.
The DJ Lines belongs to the Pivot group. All similar indicators operate on the principle - «Based on the values of the previous day (days) it is possible to calculate a point, passing which would mean a change in the trend».
If you like plotting channels, I recommend plotting them yourself. This is particularly true for the slope channels. However, if you use channels merely as filters or simply like to set alerts on these levels, then the indicator will be useful.
In classical literature, the relative strength index is described as the "price-following oscillator that ranges between 0 and 100, and signals the market sentiment to change the trend at high (close to 100%) or low (close to 0%)...
The most common and essential modification of Bollinger bands. Displays the standard deviation in a separate window, without disturbing the trading psychologically.