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Top indicators for MetaTrader 5 based on user ratings - 2
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The goal is to show a code that shows the calculation of the ATR with Wilder smoothing
Draw the wicks (thin lines): Draw a vertical line from the lowest price to the highest price of each candle (this is called a "wick")
A compact on-chart dashboard that monitors live spread behavior, tracks rolling Min/Max/Avg, and warns on abnormal spread spikes (news, low liquidity, rollover) using adaptive or fixed thresholds with optional alerts.
Adaptive VWAP Institutional: Multi-Asset Auto-Detection & DST-Accurate Session Resets (Forex 5PM NY Standard).
The FMO indicator is a technical analysis tool that measures "trend age" using fractal cycles. Its purpose is to help traders determine whether a trend is still young (safe to follow) or over-aged (high risk). A Conceptual Synthesis of Psychology, Sociology, and Life Cycles This work presents a deep analysis of human life through a numerical matrix (3, 7, 39, 49), using it as a conceptual lens for understanding psychology, sociology, and developmental cycles. It is not a conventional scientific framework. Rather, it is a synthesized model — integrating esoteric, psychological, and sociological perspectives into a unified cyclical structure. The goal is to organize and interpret human development through layered, interacting cycles.
Trade using MA. An easy indicator to identify the trend direction on a specific timeframe.
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.
A multi timeframe indicator which features RSI divergence. + Buy/Sell signals Inspired from trading view.
Self-Aware Trend System (SATS) is an advanced MQL5 indicator that combines an adaptive SuperTrend engine with a Trend Quality Index (TQI) dashboard, offering dynamic signal detection, risk management levels, and self-learning calibration for smarter, more reliable trade entries.
Stochastic beginner tutorial to learn how to code in MQL5
A Marubozo is a long-bodied candlestick with no shadow, from the Japanese word meaning "close-cropped". Candlestick charts look at the opening and closing price on a single day and are used by technical traders.
Linear regression line with an option to be applied to another indicators
Pinbar Detector is a MetaTrader indicator that tries to detect Pinbars (also known as "Pin-bar" or "Pin bar") and marks them by placing a "smiling face" symbol below the bullish Pinbars and above the bearish Pinbars. It is a pure price action indicator, which is not using any standard technical indicators in its code. The configuration of Pinbar detection can be done via the indicator's input parameters. Pinbar Detector can issue platform alerts and email alerts on detection. The indicator is available both for MT4 and MT5 versions of the trading platform.
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.
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.
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.
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.
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.
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.
Indicator Description – Candle Close Timer Name: Candle Close Timer Version: 1.0 Author: BENTRADE TRADING Link: https://www.mql5.com/en/users/dahmi_benali
Complete SMC toolkit: BOS/CHoCH detection, Order Blocks (internal + swing), Fair Value Gaps, Equal Highs/Lows, Premium/Discount zones, Strong/Weak H/L, trend candles, dashboard, 4-channel alerts. Free.
An advanced quantitative filter based on Chaos Theory and fractal geometry, it calculates the intrinsic dimensionality of the price curve to instantly classify market regimes into trending or mean-reverting states.
Interactive Correlation Heatmap using high-performance MQL5 matrix functions. > Features a draggable, minimizable dashboard with instant multi-timeframe switching and a vivid 5-band color scale for real-time currency relationship analysis.