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MQL5 Source Codes of Technical Indicators for MetaTrader 5 - 2
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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Checks if either upper or lower Wick range of a candlestick is greater than Body range of a candlestick and plot a wingding
This indicator calculates the range difference between the 'MACD and Signal lines' and also the range distance between 'the last two MACD bar'.
This indicator helps user estimate the potential price movement for the current day, based on 20 days historical data and market trends.
This indicator uses two moving averages to calculate the market trend and changes color depending on the trend direction.
This is an indicator with a rainbow-like display, both for trend or pullback prediction.
Donchian Channel for traders or young developers by William210
Keltner Channel for traders or young developers by William210
The default CCI in MT5 doesn't have the shift parameter. This script implements the shift.
This is an edit of the Mod_ATR_Trailing_Stop by MQL5 user @Scriptor found here https://www.mql5.com/en/code/20423 . MT5 indicator .mql5 and .ex5 files, report any bugs, I'll fix.
ATR - Average True Range - beginner tutorial to learn how to code in MQL5
AO - Awesome Oscillator - without iAO() 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.
AMA - Adaptive Moving Average - beginner tutorial to learn how to code in MQL5
Rsi without Irsi() beginner tutorial to learn how to code in MQL5
Wick Ratio Candlesticks are recognized by its upper and lower wick ratio instead of open and close properties.
A tool which refreshes the chart automatically and will make active indicators update if something stopped plotting on the chart.
Stochastic beginner tutorial to learn how to code in MQL5
It will automatically plot a colored horizontal line on the previous open/highs/lows/close of the selected period, and it will make the lines consistent on this price when switching timeframes.
This is a helper function which enables you to find the price of the symbol (the prices on the Y-axis) wherever you click the mouse on the chart. Using OnChartEvent, we don't have an MQL5 function in the API to do this, we can only obtain X and Y pixel values with mouse click.
Bands Bollinger beginner tutorial to learn how to code in MQL5
Moving average beginner tutorial to learn how to code in MQL5
One of the latest version of this indicator at the moment. Huge base of different modifications of moving averages, with multitimesframe function, sending signals to e-mail and push notifications.
Trend Dashboard Indicator MetaTrader 5 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.
I wanted to build a moving average which would create an alert when the price moves over the line by a user defined amount of points. It creates both bullish and bearish signals depending on the direction of market price moving through the MA. It is designed for slow length moving averages (default is 200-day MA). EDIT: I now added a second version of the indicator which uses Arrow buffers instead of ObjectCreate.
This is a custom support and resistance indicator, signaling bouncebacks and key market levels.
The "Dynamic Support and Resistance" Indicator is a versatile tool that combines support and resistance levels with real-time market dynamics. By incorporating previous daily highs and lows, it provides valuable insights into market psychology and identifies potential areas of price reversals or breakouts. With its ability to adapt to changing market conditions and customizable options, traders can stay ahead of trends and make informed decisions. This indicator is suitable for various trading styles and timeframes, empowering both experienced and novice traders with a competitive edge.