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MQL5 Source Codes of Technical Indicators for MetaTrader 5 - 133
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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The Custom Moving Average is example of the Custom User Indicator - it calculates and shows the Moving Average.
The ColorLine indicator shows the line of the price moving average on the chart. The line has diffrent colors (100 bars has the same color). The color settings of the line is changing every 5 ticks, there are 3 color schemes.
The ColorBars Indicator paints bars with different colors depending on the volume changes. If the volume has increased, the color is green, overwise the color is red.
Chaikin's volatility indicator calculates the spread between the maximum and minimum prices. It judges the value of volatility basing on the amplitude between the maximum and the minimum. Unlike Average True Range, Chaikin's indicator doesn't take gaps into account.
The Chaikin's Oscillator (CHO) is the difference of moving averages of Accumulation/Distribution.
Commodity Channel Index (CCI) measures the deviation of the commodity price from its average statistical price.
The Indicator paints the bars according to the Trade Zones, as proposed by Bill Williams.
The Bollinger Bands ® Indicator (BB) is similar to Envelopes. The only difference is that the bands of Envelopes are plotted a fixed distance (%) away from the moving average, while the Bollinger Bands are plotted a certain number of standard deviations away from it.
The Accumulation/Distribution Indicator is determined by the changes in price and volume.
Sometimes this is useful - to observe the behavior of the oscillator in the channel. Greatly simplifies the evaluation of the situation.
Bill Williams's Awesome Oscillator Indicator (AO) is a 34-period simple moving average, plotted through the middle points of the bars (H+L)/2, which is subtracted from the 5-period simple moving average, built across the central points of the bars (H+L)/2. It shows us quite clearly what’s happening to the market driving force at the present moment.
Average True Range Technical Indicator (ATR) is an indicator that shows volatility of the market.
ASI was created by Wales Wilder as an ordinary fluctuations indicator that gets signals from previous maximums and minimums of price.
The Adaptive Moving Average Indicator is used for constructing a moving average with low sensitivity to price series noises and is characterized by the minimal lag for trend detection.
The Average Directional Movement Index by Wilder (ADX Wilder) helps to determine the presence of the price trend.
The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.
The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.