Top indicators for MetaTrader 5 based on user ratings - 4

This MQL5 custom indicator detects divergences between price action and the Awesome Oscillator (AO), signalling potential market reversals or continuations. It plots buy/sell arrows on the chart, displays the AO as a histogram, and draws trendlines to highlight divergences.

Indicator that displays the day's trend at any chart time. You can customise the colours and position of the text on the screen.

A SuperTrend indicator that plots trend direction using ATR volatility to create dynamic support/resistance levels for MetaTrader 5.

The XMA_Ishimoku indicator with additional trend strength indication using colored dots based on the standard deviation algorithm. The original code in the attached link had plotting problems.

This indicator is a utility that shows labelled trade levels on any chart. If you want to replace your native trade levels on a native chart, then turn off "Show trade levels" in your F8 Chart Properties and attach this indicator. If you want to show trade levels on a Custom Chart (where native trade levels cannot be shown), then simply attach this indicator. BaseSymbol - specify the Symbol from which the trade level data will be pulled--handy for unique Custom Symbols. TextBarsBack - specify the number of bars back in history from the current bar where the level labels will be drawn. Note: Although magic number is referenced in the code, it is not presently included in the trade lines. If you're running multiple EA's on the same Symbol, you can edit the code to show magic numbers and then run multiple instances of the indicator on one chart. You can also edit the font sizes and text spacing in the object properties as needed for different display resolutions.

Combines a Moving Average with ATR-based upper and lower bands to act as a trend filter and volatility channel.

The indicator displaying multi level of ATR Channel.

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.

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.

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.

MACD Histogram

A simple indicator based on Bollinger Bands showing its narrowing and widening phases with red/green colours.

Scan multiple symbols and timeframes for wick-based rejection candles and display the latest signals in a clean on-chart dashboard with strength scoring, signal age, optional markers, and alerts.

A simple binary trading strategy that counts candle colors.

This indicator combine WPR and total profit/loss. I don't know how to tell you more about this indicator but you can try it.

Real-time prop firm rule tracker: daily drawdown, max drawdown, profit target progress, trading days count, and challenge status with visual progress bars. Presets for FTMO, MyFundedFX, E8, TFT, and Bulenox. Pure indicator — no trade interference.

A lightweight tick-driven dashboard that reveals short-term Bid-Ask pressure directly on the chart.

Trade With MA Trends ATR TPSL Line and The Line Of Pivot Point

Highlights Inside Bar candlestick patterns on the chart and provides optional popup and push alerts when a new pattern is detected.

The standard MACD on MT5 platform seem to be not enough so I code this version by copying from the pinescript.

MT5 indicator showing bar index, price difference in points, and percentage change. Ideal for EA integration and fast analysis.

On-chart candle analysis indicator with structure tags, sentiment, and trend arrows for MetaTrader 5.

ASQ PropGuard is a real-time prop firm rule monitor for MetaTrader 5. It tracks daily loss limits, maximum drawdown, profit targets, and trading day requirements — all displayed on a dark-themed chart overlay with color-coded progress bars and a live pass/fail verdict.

An unsupervised machine learning indicator that applies the K-Means clustering algorithm to historical price action, mathematically detecting and plotting the true institutional liquidity pools without human bias.

Swap Monitor Panel is a lightweight, fully customizable indicator that overlays a live swap rate dashboard directly on your MT5 chart. It scans every symbol in your MarketWatch window and presents long swap, short swap, estimated daily cost, and weekly cost side by side — all in one clean, readable panel.

This mini custom-built MetaTrader 5 dashboard is a robust, comprehensive risk management and performance based monitoring tool and utility created to give both Prop firm and personal funded traders full visibility and control over their trading activity in real time.

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.

The Weekend Gap Statistics & Distribution Analyzer is a purely analytical MQL5 indicator designed to evaluate the historical behavior of weekend price gaps. It scans chart data to calculate gap closure rates and measures the adverse excursion (drawdown) experienced before a gap successfully closes. By providing statistical distributions—including the 70th and 90th percentiles of adverse heat—this tool enables traders to make data-driven decisions. It moves beyond simple averages, allowing traders to properly assess risk, filter out low-probability instruments, and optimize stop-loss placement when fading weekend gaps.

A quantitative Information Theory engine that calculates the Shannon Entropy of price distribution to mathematically measure market randomness and algorithmic predictability.

An aerospace-grade state estimation algorithm that dynamically filters out market noise and manipulation wicks to reveal the true underlying execution price with zero static phase-lag.

Automatically detect Inside Bar patterns, draw projection rectangles, and receive real‑time alerts – all in one powerful indicator. Swing And Full Margin trader

Asian range indicator with breakout levels for the London session. Entry arrows, alerts, push notifications. Optimised for XAUUSD M15.

Allows to monitor spread and swaps!

Educational MT5 chart panel for XAUUSD showing live spread, ATR volatility, EMA trend bias, RSI condition, daily range and active trading session.

MACD indicator replicating TradingView’s visual style for MT5. 4-colour histogram, SMA-based signal line — values match TradingView bar-for-bar.

A small educational MetaTrader 5 indicator that marks confirmed swing highs and lows and labels market structure as HH, HL, LH and LL.

On-chart panel with the live spread of the chart symbol - current, minimum, average and maximum since attach - color-coded against your warning and danger thresholds, plus an optional alert when the spread stays at the danger level for N consecutive seconds (news and rollover spikes).

BBandsPsar is a custom hybrid indicator that fuses Bollinger Bands’ volatility framework with the Parabolic SAR’s trend-following logic. By integrating these two methodologies, it effectively reconciles market volatility with emerging trend dynamics within a single, cohesive tool.

This indicator is a trend-momentum oscillator that tracks where price sits relative to its structural volatility channel using a normalized relationship between the Parabolic SAR and Envelopes.

Smart Trend Score is a clean and lightweight MetaTrader 5 indicator designed to identify high-quality trading opportunities using multiple trend and momentum filters.