Articles on the MQL5 programming and use of technical indicators

A number of indicators have appeared since the time of first Moving Average indicator creation. Many of them use the similar smoothing methods, but the performances of different moving averages algorithms have not been studied. In this article, we will consider possible ways of use the Moving Averages in MQL5 and compare their performance.

The article describes how to implement Interprocess Communication between MetaTrader 5 client terminals using named pipes. For the use of the named pipes, the CNamedPipes class is developed. For the test of its use and to measure the connection throughput, the tick indicator, the server and client scripts are presented. The use of named pipes is sufficient for real-time quotes.

There has been a recent rise of interest in the cluster analyses of the FOREX market. MQL5 opens up new possibilities of researching the trends of the movement of currency pairs. A key feature of MQL5, differentiating it from MQL4, is the possibility of using an unlimited amount of indicator buffers. This article describes an example of the creation of a multi-currency indicator.

In this article, we will consider the creation of two indicators: the tick indicator, which plots the tick chart of the price and tick candle indicator, which plot candles with the specified number of ticks. Each of the indicators writes the incoming prices into a file, and uses the saved data after the restart of the indicator (these data also can be used by the other programs)

There are 6 drawing styles in MQL4 and 18 drawing styles in MQL5. Therefore, it may be worth writing an article to introduce MQL5's drawing styles. In this article, we will consider the details of drawing styles in MQL5. In addition, we will create an indicator to demonstrate how to use these drawing styles, and refine the plotting.

The idea of digital signal filtering has been widely discussed on forum topics about building trading systems. And it would be imprudent not to create a standard code of digital filters in MQL5. In this article the author describes the transformation of simple SMA indicator's code from his article "Custom Indicators in MQL5 for Newbies" into code of more complicated and universal digital filter. This article is a logical sequel to the previous article. It also tells how to replace text in code and how to correct programming errors.

In order to obtain values of a built-in or custom indicator in an Expert Advisor, first its handle should be created using the corresponding function. Examples in the article show how to use this or that technical indicator while creating your own programs. The article describes indicators that are built n the MQL5 language. It is intended for those who don't have much experience in the development of trading strategies and offers simple and clear ways of working with indicators using the offered library of functions.

Suppose that simple MA (Moving Average) indicator with period 13 is applied to a chart. And we want to change the period to 20, but we do not want to go to indicator properties dialog box and edit the number 13 to 20: simply tired of these tedious actions with mouse and keyboard. And especially we don't want to open indicator code and modify it. We want to do all this with a single press of a button - "up arrows" next to the numeric keypad. In this article I'll describe how to do it.

With new version of MQL programming language available not only the approach of dealing with indicators have changed, but there are also new ways of how to create indicators. Furthermore, you have additional flexibility working with indicator's buffers - now you can specify the desired direction of indexing and get exactly as many indicator's values as you want. This article explains the basic methods of calling indicators and retrieving data from the indicator's buffers.

Any new subject seems complicated and hard-to-learn for a newbie. Subjects that we know seem very simple and clear to us. But we simply do not remember, that everyone has to study something from scratch, and even our native language. The same is with the MQL5 programming language that offers wide possibilities of developing one's own trading strategies - you can start learning it from basic notions and simplest examples. Interaction of a technical indicator with the MetaTrader 5 client terminal is consider in this article on the example of the simple custom indicator SMA.

When writing an indicator that uses the short form of the OnCalculate() function call, you might miss the fact that an indicator can be calculated not only by price data, but also by data of some other indicator (no matter whether it is a built-in or custom one). Do you want to improve an indicator for its correct application to the other indicator's data? In this article we'll review all the steps required for such modification.

We want to create such an environment, which would provide access to data of indicators attached to a chart, and would have the following properties: absence of data copying; minimal modification of the code of available methods, if we need to use them; MQL code is preferable (of course, we have to use DLL, but we will use just a dozen of strings of C++ code). The article describes an easy method to develop a program environment for the MetaTrader terminal, that would provide means for accessing indicator buffers from other MQL programs.

What is an indicator? It is a set of calculated values that we want to be displayed on the screen in a convenient way. Sets of values are represented in programs as arrays. Thus, creation of an indicator means writing an algorithm that handles some arrays (price arrays) and records results of handling to other arrays (indicator values). By describing creation of True Strength Index, the author shows how to write indicators in MQL5.

The article considers the necessity and general principles of developing a bundled program that would contain both an Expert Advisor, a script and an indicator.

The article is concerned with the problem of re-counting of the indicator value in the MetaTrader 4 Client Terminal when the null bar changes. It outlines general idea of how to add to the indicator code some extra program items that allow to restore program code saved before multiple re-counting.

Creation of Custom Indicators in the MetaTrader trading system has a number of features.