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Top indicators for MetaTrader 5 based on user ratings - 39
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Two colored filled rectangles drawn between the values of two Keltner channels on one bar.
The BarTimer indicator implemented using the classes of libraries that were described in detail in the article "Custom indicators and infographics in CCanvas", using current timeframe data.
This indicator uses TEMA calculation mode in order to make the lag lesser compared to the original Zero lag MA, and that makes this version even faster than the Zero lag DEMA too.
Heiken Ashi Zone Trade indicator is based on 3 indicators: Heiken Ashi, Accelerator Oscillator, and Awesome Oscillator.
Oscillator MACD Squeeze similar to indicator Trade The Markets Squeeze, but based on MACD.
Indicator RMI (Running Median Indicator) is a moving average with the "Running Median" filtering algorithm.
Indicator XPeriodCandle supplemented by Bollinger Bands, based on their candlesticks, and indicating with the bright candlestick color if the candlesticks go beyond the bands.
Synthetic Japanese candlesticks over the period defined in the indicator settings, calculating on each bar, based on the Bear_Bulls_Power_Candle indicator candlesticks.
Multi timeframe version of the Trend Trigger Factor indicator.
Deviation Oscillator - a volatility oscillator which represents a difference between the price and the MA, normalized within the selected range.
This version of Jurik Velocity extends the original by allowing you to change the "power" of the calculated averages used for velocity calculation.
Ultra Trend indicator that uses a "fast" (fast in response to market changes) Zero Lag DEMA for trend calculations.
Trend Envelopes indicator that uses ATR for the price change calculation and is adding prices smoothing prior to be used in calculations.
SpearmanRankCorrelation_Histogram indicator with the timeframe selection option available in input parameters
Indicator Heiken_Ashi_Smoothed_VolatilityStep without rounding, multiplied by the averaged volumes
The code above is a "Hammer" indicator that detects candlestick hammer formations (bullish and bearish) and inverted hammer formations (bullish and bearish) on a MetaTrader 5 chart. This indicator identifies price reversal patterns by calculating the size and ratio of the candlestick wicks based on adjustable parameters: MaxRatioShortWick, MinRatioLongWick, and MinCandleSize. When a pattern is detected, the indicator displays a colored arrow near the candle’s lowest or highest price according to the pattern’s direction. The code also includes functions to create and delete objects automatically when the indicator is initialized or stopped.
This indicator is based on simple MACD but allows you to choose also timeframe of indicator, different from current. You can choose current timeframe of chart (then indicator shows the same values as common MACD) or any higher timeframe.
There is a Price Channel indicator, but I don't like it, because it fills all the space between the upper and lower boundaries. This version of Price Channel looks like in MetaTrader 4.
The DRAW_COLOR_ARROW drawing style plots the color arrows (symbols from Windings font).
The indicator generates buy and sell signals and issues alerts in case of the Stochastic Oscillator indicator overbought or oversold levels crossing.
The Mass Index is intended for detection of trend reversals based on changes in the bandwidth between the highest and the lowest prices.