Top indicators for MetaTrader 5 based on user ratings - 2

Zig Zag indicator that relies only on a minimum % of retracement to each previous wave , and optionally , being bigger than a specific size measured in atr units.

The "False Breakouts.mq5" indicator is a tool for MetaTrader 5 that visually identifies and marks buy and sell points based on false breakouts of support and resistance. It uses buffers to display buy (blue) and sell (red) arrows, as well as lines for support (blue) and resistance (red), and additional arrows for market tops and bottoms. The indicator's main logic consists of detecting tops and bottoms based on the high and low prices of the candles, dynamically updating support and resistance levels. When the price breaks through support or resistance and then returns, the indicator generates buy or sell signals respectively. It is a useful tool for traders who operate strategies based on false breakouts.

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.

ATR - Average True Range - beginner tutorial to learn how to code in MQL5

This indicator uses two moving averages to calculate the market trend and changes color depending on the trend direction.

This indicator calculates the range difference between the 'MACD and Signal lines' and also the range distance between 'the last two MACD bar'.

Copy and paste selected graphical objects between charts via Windows clipboard as text. Use Ctrl+Q on a source chart, then Ctrl+J on a target chart.

An advancement of the MetaQuotes zigzag with an oscillator mode, current bar leg tracking, fib levels, and dynamic scaling

Laguerre MetaTrader indicator — a completely custom indicator that doesn't rely on the standard MT4/MT5 indicators. It shows the weighted trendline in the separate window of the chart. It can be used for simple entry and exit signals. The indicator is available for both MT4 and MT5.

Time to candle Close. Dynamic text colours. Optimised for back-testing.

The DailyHighLow indicator is a versatile tool designed for MetaTrader 5 (MQL5) to display high and low price levels on a chart based on a specified timeframe. This indicator is particularly useful for traders who rely on key price levels for decision-making, offering flexibility through customizable timeframes and price calculation methods.

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.

Zigzag which changes wave direction based on price percentage change on the asset

This indicator builds a dynamic price channel using Gaussian smoothing to determine support and resistance lines. It calculates smoothed high and low price values for a given period, finds their extrema and displays three lines: upper resistance (maximum of smoothed high), lower support (minimum of smoothed low) and the middle line between them, forming an adaptive trading channel.

A chart-based risk monitor for prop-firm style rules: draws a live “Dead-Line” price level showing where your Daily Loss Limit or Overall Max Drawdown would be violated, based on equity, open exposure, and optional trailing drawdown.

Adaptive VWAP Institutional: Multi-Asset Auto-Detection & DST-Accurate Session Resets (Forex 5PM NY Standard).

Modern Time Panel for MT5 The Modern Time Panel is a sleek, minimalist custom indicator for MetaTrader 5 that helps you track time with precision. Fixed neatly at the top-right corner of your chart, it displays the current Broker Time, Local Time, and a live countdown to the next candlestick (New Bar). Built with an independent 1-second timer, the countdown continuously runs even when the market is slow or there are no incoming ticks. Fully customizable and dark-mode friendly, it is the perfect non-intrusive tool to ensure you never miss a candle close.

Draws the previous day High, Low, and Close as horizontal reference lines on the chart for a configurable number of past days. Yesterday's levels extend into today as live support and resistance, with optional touch alerts.

Modification of the standard indicator Fractal

Engulfing Bar Occurs below Ema moving Average that is rising - Buy Trade -

Alligator beginner tutorial to learn how to code in MQL5

This is an indicator with a rainbow-like display, both for trend or pullback prediction.

The indicator draws an arbitrary second timeframe on the chart.

A volume oscillator is a useful technical analysis indicator that predicts the strength or weakness of price trends

This code does not trace the iatr() because the iatr() or this code is a more modern version. This code uses original smoothing, a kind of SMA and not wilder smoothing. The analysis of the two smoothings can suggest opportunities elsewhere

Marking the extreme highs and lows (OHLC) together with the extreme bid and ask prices

BBMA ZoneZeroLoss Histogram shows trading zones e.g. for "Reentry" setup for risk minimisation

Keltner Channel (MetaTrader indicator) — is a classical technical analysis indicator developed by Chester W. Keltner in 1960. The indicator is somewhat similar to the Bollinger Bands and Envelopes. It uses three plot lines: the middle line is the 10-day simple moving average applied to the typical price ((high + low + close) / 3), the upper and the lower bands are produced by adding and subtracting the moving average of the daily price range (High and Low difference) from the middle line. This way, a volatility-based channel is built. In this version of the indicator you can modify all the parameters of the MA. The indicator is available both for MT4 and MT5 versions of the platform.

Dynamic VWAP level which can be averaged over multiple days

The Watermark indicator is lightweight and efficient, designed to display an informative watermark over the main MetaTrader 5 chart. It automatically shows the current symbol, chart time and asset description, allowing traders to customise their interface with style and convenience.

This is a Moving Average indicator based on Heiken-Ashi candles instead of raw market price.

Weekly VWAP (Volume Weighted Average Price) is a powerful MQL5 indicator that calculates and displays the Volume Weighted Average Price for each trading week. It's a crucial tool for identifying weekly fair value and understanding the underlying sentiment over a longer timeframe.

Historical equity of one-time and one-time open virtual positions to analyse the efficiency of spread/equity trading

simple atr supertrend with rsi filter

It's like a bird's-eye view for BBMA Oma Ally fans. ust drag it onto the chart and you'll get all the BBMA signals running on the chart.

The default CCI in MT5 doesn't have the shift parameter. This script implements the shift.

This is an indicator to calculate 14 types of moving averages based on close price.

The simplest indicator showing on the current symbol the price change in % since the opening of the trading session.

Chande Kroll Stop indicator - stop levels for short and long positions.

Root Mean Square