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MQL5 Source Codes of Technical Indicators for MetaTrader 5 - 10
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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Builds a sliding line with a polynomial of 4 degrees. Extrapolates as a section of a given function with a sinusoid and its axial one. One value is taken from the constructed lines on each bar and a line of extrapolated values is plotted, which does not redraw.
This indicator uses the open price for the day, and computes the percent change for that day. Use on any chart TF up to and including D1.
Detect bullish and bearish engulfing candles when entering the overbought or oversold territory. We have all seen a currency pair enter the overbought or oversold territory and stay there for long periods of time. What this indicator does is gives you the emphasis. So if you are looking for reversals then you may want to take notice when oversold territory is entered into with a bullish engulfing candle or if the trend is your thing then check for bearish engulfing candles while entering oversold.
CCI - double smoothed Wilder's EMA filtered with floating levels