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MQL5 Source Codes of Technical Indicators for MetaTrader 5
MQL5 technical indicators analyze MetaTrader 5 price charts on Forex, as well as stock and commodity markets. Indicators define trend direction and power, overbought and oversold states, support and resistance levels. Underlying mathematical models provide objective assessment of the current market state allowing traders to accept or reject trading system's signals.
You can download and launch offered indicators in MetaTrader 5. The library of indicators is also available directly from MetaTrader 5 platform and MetaEditor development environment.
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This indicator calculates and displays the Exponential Moving Average (EMA) on the MetaTrader 5 chart. Fully customisable period. Allows selection of the applied price (Close, Open, High, Low, Median, Typical, Weighted). Uses the standard EMA formula, initialised from an SMA of the first bars. Can be used as a standalone technical analysis tool or integrated into automated trading systems for trend-following and moving average crossover strategies.
Lightweight CVD (Cumulative Volume Delta) for MT5 — M1-based, shows buy/sell pressure as candles with optional resets.
A simple signal indicator based on RSI and Moving Average. Plots Buy/Sell arrows when RSI is above/below 50 and Price is above/below the MA.
WaveWeisBarForce is a custom indicator based on Weis Waves logic. It accumulates volume into directional waves (bullish or bearish) and displays them as histograms with intensity levels. Bullish waves: 4 levels of green, from light to Lime. Bearish waves: 4 levels of red, from light to Red. WaveMax (white): shows the bar with the highest volume inside each wave. WaveClimax (yellow): highlights record accumulated volume across waves. This indicator helps traders visualise market pressure by volume accumulation and wave intensity, improving intraday and swing analysis.
The goal is to show a code that shows the calculation of the ATR with Wilder smoothing
It signals a period of low market volatility that is about to end, foreshadowing a significant price move.
It's the classic zigzag with a timeframe input to display a HTF zigzag on a LTF chart
The indicator searches the chart for Price Action patterns "Pin Bar" and puts icons on the bar with the found pattern.
A simple information indicator that shows the remaining time until the bar closes, as well as the time elapsed since the bar opened and the current time.
This is an OHLC candlestick chart which records the highest ask and lowest bid on each new bar
A candlestick chart which connects the ask price and bid price to the high and low of the candles
CandleMove - Pips & Percentage Movement Display A visual tool that helps you quickly gauge the strength of each candle by displaying its price change directly on the chart.
A channel which calculates local highs and local lows with volatility-adjusted lines
A simple yet effective RSI indicator that monitors overbought and oversold conditions on any symbol and timeframe. Sends instant alerts via pop-up and mobile notifications when RSI crosses your defined thresholds.
PriceVar% is an indicator designed to measure the percentage difference between the price and a moving average, highlighting the strength of the market movement in relation to a reference value.
The Balance of Power (BOP) is an indicator originally developed by Igor Livshin in 2001 to measure the balance of power between buyers and sellers during each candle.
This MQL5 indicator identifies Upward (Bullish) and Downward (Bearish) Pinbars, displayed with customizable arrows (lime for upward, red for downward). It allows fine-tuning of detection parameters like tail body ratio and protrusion. Pop-up and push notification alerts signal new pinbars. Ideal for traders seeking precise reversal pattern detection.
Overlaying multiple stochastics with different periods will help beginner traders.
Allows you to easily visualize bullish and bearish periods confirmed by the zigzag indicator using vlines. You can control the display of the zigzag, choosing to start from the beginning of the chart or from a certain number of bars, as well as the display of labels showing the price of the peak or trough, the direction of the past period, and its amplitude in pips. Of course, it works on the main window as well as on sub-windows. WARNING!!! This is a valuable aid to understanding and calibrating indicators and developing strategies, but it is not intended for direct use. Translated with DeepL.com (free version)
The WaveTrend Indicator (WT) is a powerful technical analysis tool designed to identify trend direction and potential reversal points. It plots two lines, WT1 and WT2 , in a separate window, calculated based on price momentum and smoothed averages.
A stripped-down (signal line only) version of Metaquotes' MACD indicator from the MT5==>Indicators==>Examples folder.
This powerful tool filters the classic RSI through a moving average, providing a smoother, more reliable signal line for pinpointing entries, exits, and trend direction with unparalleled clarity.
Fractal with CCI Filter - Indicator that combines traditional fractals with the CCI filter to reduce false signals. Shows red arrows above the candles for bullish fractals (sell) when the CCI is above the configured threshold and green arrows below the candles for bearish fractals (buy) when the CCI is below the negative threshold. Perfect for identifying reversal points with greater reliability.
Modified standard ZigZag indicator with the addition of information about wavelength in pips, levels and different alerts logic
Adaptive CCI - Commodity Channel Index with dynamically adjusting upper and lower limits based on market volatility. Eliminates fixed thresholds (like 100/-100) by using EMA-smoothed peaks and troughs, providing more reliable overbought/oversold signals tailored to each asset's current volatility. Perfect for identifying high-probability reversal points with adaptive confirmation levels.
A price increase indicator calculates margin and price changes in per cent.
It is an indicator that determines target levels according to the average of price movements.
Profit Maximiser (PMax) Indicator is an indicator created by integrating the moving average of the Supertrend indicator.
Zigzag which changes wave direction based on price percentage change on the asset
Historical equity of one-time and one-time open virtual positions to analyse the efficiency of spread/equity trading
The indicator implements some of the most interesting approaches to measuring correlations