Watch how to download trading robots for free

Find us on Facebook!
Join our fan page

Access the CodeBase from your MetaTrader 5 terminal

Couldn't find the right code? Order it in the Freelance section

How to Write an Expert Advisor or an Indicator

MQL5 Source Code Library for MetaTrader 5 - 141

This is the largest free source code library for MetaTrader 5 platform programs. Here you can find ready-made Expert Advisors, technical indicators, scripts and libraries. Use the code library when learning MQL5 language and develop your own automated trading applications based on the provided codes.

You can freely download and test published codes, as well as launch them in MetaTrader 5. The library is also available directly from MetaTrader 5 platform and MetaEditor development environment.

latest|best

The Detrended Price Oscillator eliminates the trend effect of price movement. This simplifies the process of finding out cycles and overbought/oversold levels.

The Demarker Indicator (DeM) is based on the comparison of the period maximum with the previous period maximum. When the indicator falls below 30, the bullish price reversal should be expected. When the indicator rises above 70, the bearish price reversal should be expected.

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 Bears Power Indicator measures the balance of the bears strength.

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 Alligator Indicator is a combination of Balance Lines (Moving Averages).

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.

Calculates fractals and lets you specify the number of bars separately before and after the current High / Low (fractal).

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.

Indicator edition for new platform.

1...134135136137138139140141