MQL5 Source Codes of Technical Indicators for MetaTrader 5 - 14
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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A moving average of pure tick volume with histogram bars tracking bullish/bearish candle color
Countdown is an advanced indicator designed for traders who want to track the time remaining until the next candlestick or the next market open clearly and efficiently. With three flexible display modes (commentary, chart borders or next to price), this indicator offers a customisable solution to suit your trading needs.
Indicator for calculating the average price of open positions, you can use the magic number if you want to separate the positions of just one robot, but the zero number is for manual operations.
Better Volume is an advanced indicator designed to analyse the behaviour of volume on price charts. It combines volume information with metrics such as candlestick range and moving averages to identify important patterns in the market, such as buy/sell climaxes, churn and weak candles. With its dynamic visual interface and volume categorisation, the indicator offers valuable insights for traders who want to make informed decisions based on volume flow.
The "Net Volume" indicator shows the volume taking into account the pressure of sellers and buyers
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.
A volume oscillator is a useful technical analysis indicator that predicts the strength or weakness of price trends
EquiPeak Drawdown Tracker is an indicator designed to monitor and record the maximum drawdown of your trading account in real time. It's not just a current drawdown indicator; it's especially useful for visually comparing your current drawdown with the maximum historical drawdown you expect or have previously recorded.
Kuskus Starlight is an oscillator that utilizes a Fisher price transformation to identify trends and potential reversals. The original MT4 code by Scriptor is available at: https://www.mql5.com/en/code/8365.
This is a simple analytical (non-signal, one-time calculated) indicator that allows you to test the hypothesis that price timeseries represent a "random walk", specifically Gaussian "random walk". This can help to construct a parametric transformation of price increments into evenly distributed, more stable and predictable time series, at least in terms of volatility.
Construct a moving line with a polynomial of 4 degrees. Extrapolates the sinusoidal and its axial. The constructed lines remove one value at each bar and a sliding line of extrapolated values is constructed which is not redrawn.
This is an indicator that evaluates FVGs in the inputted "window_size" to detect momentum or trend strength.
A static zigzag which connects the intersections of a moving average crossover
A SuperTrend indicator that plots trend direction using ATR volatility to create dynamic support/resistance levels for MetaTrader 5.
This is a simple indicator to display histogram of custom bars' durations in minutes. Applicable for renko boxes, PnF, equivolume bars, etc.
The T3 Indicator is an advanced moving average that combines six exponential moving averages to provide smoother price action with reduced lag compared to traditional moving averages.
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.
A zigzag indicator that uses a single input to adjust the step size for detecting wave direction changes
The indicator plots two lines. The lower line is calculated based on the latest SMA period that caused a bounce up. The upper line is calculated based on the latest SMA period that caused a bounce down.
An indicator which visualizes how volume changes over time within each bar. It shows tick volume in a rolling histogram format.
Trade Assistant MetaTrader indicator — a multi-timeframe indicator that is based on three standard indicators: Stochastic oscillator, RSI (Relative Strength Index), and CCI (Commodity Channel Index). It displays current trend directions for M1, M5, M15, M30, H1, H4, D1, W1, and MN1 timeframes. When you follow such an indicator you have a clear picture of the trends across all important timeframes. It doesn't matter which timeframe you attach this indicator to. The indicator can be downloaded for MT4 and MT5.
Calculate a moving average in one function call. Code that can easily be transported between different projects.
Total Power Indicator (MetaTrader indicator) — is based on the two standard indicators — Bear Power and Bull Power. The indicator calculates how many bullish and bearish bars were there during a given look-back period and then calculates the proportional index for bears, bulls, and total (calculated as the absolute difference between bulls and bears) for the current bar. This way, we get continuous lines of the relative average bear and bull power over a period, removing the main disadvantage of the original Bear/Bull Power indicators — the lack of a long-term perspective. The original MetaTrader 4 version of Total Power Indicator was created by Daniel Fernandez of Asirikuy.com in 2011. The version for MT5 is now also available.
TD Sequential Ultimate MetaTrader indicator shows all parts of the TD Sequential method developed by the legendary technical analyst, Tom DeMark. TD Sequential Ultimate displays Buy and Sell Setups, including the Setup Perfection arrows, Buy and Sell Countdowns, including the failed count 13 attempts, and TDST Support and Resistance levels. Unlike many other implementations of the TD Sequential method, this indicator offers multiple improvements:
Coppock MetaTrader indicator — is an implementation of the famous Coppock curve indicator first created by Edward Coppock in 1962. The indicator shows long-term buy and sell opportunities (classically, it is used for only buying) by measuring the weighted moving average (with a period of 10) of the sum of two rates of change (with a period of 14 and 11). It is the classical version. In this MetaTrader version, you can modify the parameters of the basic indicators. You can use this Coppock indicator in MT4 and MT5.