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MQL4 Source Codes of Technical Indicators for MetaTrader 4 - 6
The library of technical indicators for MetaTrader 4 developed in MQL4. Regardless of the market (forex, securities or commodity market), indicators help to represent quotes in an accessible form for easy perception.
This section contains thousands of applications that analyze financial markets using different algorithms. Conventionally, they can be divided into a few categories: trend indicators, oscillators, volume indicators and so on. In addition, there are sets of indicators based on algorithms by famous financiers. For example, Bill Williams' indicators and likes of it. All of them are characterized by different parameters of reliability, efficiency, lagging and others. There are more than 2000 indicators for technical analysis: trend indicators, reversal indicators, indicators of levels, predictors, scalping indicators and many others.
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The GMT Time on chart indicator is written for users who like to see GMT Time on-screen. For convenience, This indicator code is written clearly and simple. Update 1: 16-5-2020 *Input font color *Input font size
The V Sync Chart Lite indicator is written for demonstration purposes and shows how it is possible to synchronize the object
The Correlation Indicator provides a smoothed bar to bar correlation value.
Simply select one of the main currencies (AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD) as "Currency" in the settings.
Power of USD indicator shows actual strength of currency USD calculated of 7 pairs that contain USD. Indicator can be used for strategies based on mean reversion and/or correlation. Included pairs: EUR USD, AUD USD, NZD USD, GBP USD, USD JPY, USD CAD, USD CHF.
Power of NZD indicator shows actual strength of currency NZD calculated of 7 pairs that contain NZD. Indicator can be used for strategies based on mean reversion and/or correlation. Included pairs: EUR NZD, GBP NZD, AUD NZD, NZD USD, NZD CAD, NZD JPY, NZD CHF.
Power of JPY indicator shows actual strength of currency JPY calculated of 7 pairs that contain JPY. Indicator can be used for strategies based on mean reversion and/or correlation. Included pairs: USD JPY, EUR JPY, GBP JPY, AUD JPY, CAD JPY, NZD JPY, CHF JPY.
Power of GBP indicator shows actual strength of currency GBP calculated of 7 pairs that contain GBP. Indicator can be used for strategies based on mean reversion and/or correlation. Included pairs: EUR GBP, GBP USD, GBP JPY, GBP AUD, GBP CAD, GBP NZD, GBP CHF.
Power of CHF indicator shows actual strength of currency CHF calculated of 7 pairs that contain CHF. Indicator can be used for strategies based on mean reversion and/or correlation. Included pairs: EUR CHF, USD CHF, GBP CHF, CAD CHF, AUD CHF, NZD CHF, CHF JPY.
Power of EUR indicator shows actual strength of currency EUR calculated of 7 pairs that contain EUR. Indicator can be used for strategies based on mean reversion and/or correlation. Included pairs: EUR USD, EUR GBP, EUR JPY, EUR AUD, EUR CHF, EUR CAD, EUR NZD.
Power of CAD indicator shows actual strength of currency CAD calculated of 7 pairs that contain CAD. Indicator can be used for strategies based on mean reversion and/or correlation. Included pairs: USD CAD, AUD CAD, CAD JPY, EUR CAD, GBP CAD, NZD CAD, CAD CHF.
Power of AUD indicator shows actual strength of currency AUD calculated of 7 pairs that contain AUD. Indicator can be used for strategies based on mean reversion and/or correlation. Included pairs: EUR AUD, GBP AUD, AUD USD, AUD CAD, AUD NZD, AUD JPY, AUD CHF.
Non Lag Relative Strength Index for MT4 Eliminates unnecessary preliminary calculations on the built-in RSI.
Indicator that displays the "strength" of each of the 8 major currencies (USD, EUR, GBP, CHF, AUD, CAD, JPY and NZD) based on the moving average trend of all 28 pairs that they are part of.
Best Direction Indicator. Red Line means the market UP. Blue Line means the market Down.
TrendFlex indicator based on February 2020 TASC article published by John Ehlers - metatrader 4 version
I recently needed an indicator that, once placed in a window, is able to change the Time Frame of all open windows. In addition, I wanted this indicator to be able to react to Metatrader's Time Frame selection bar. Despite my various searches, I couldn't find anything suitable. So I decided to develop my own indicator. I propose it to you here.
This indicator watches and displays the biggest spread the pair generated. It is recommended to run at least 5 days, from Monday to Friday, to get a big picture of the broker's spread.
Ichimoku Kinko Hyo is an indicator that tracks the equilibrium of momentum and identify likely areas of support and resistance. The Ichimoku chart is composed of five (5) separate indicator lines. These lines work together to form the complete "Ichimoku picture".
This indicator places a mark (a semaphore) at the zig zag for each of 4 zig zag evaluation lengths.
The code is based on indicator ZigZag which is in-built in MT4. I have changed it so that it isn't calculated on highest Highs and lowest Lows, but instead uses highest Close and lowest Close of chart price history. See attached chart for differences: ZigZag (red) versus ZigZagClose (yellow).