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MQL5 Source Codes of Technical Indicators for MetaTrader 5 - 120
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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Bollinger Bands Width. One of its application methods was described in FOREX Magazine №123 (July 2006) on page 47.
The simplest semaphore indicator having alerts and providing the possibility to send signals to a mailbox.
The trend indicator in the form of a colored cloud using volumes in its calculations. Enhanced version of Bears and Bulls indicator. The idea is to reveal the first market impulse and estimate its duration.
ATRNorm is the normalized version of АTR. Tick volume, standard divergence and other parameters can also be used instead of АТR. The indicator represents logical development of the script. ATRNorm has been created to detect flat areas.
The indicator calculates the difference between the period maximum and minimum. The period is specified in the indicator parameters.
The Momentum Technical Indicator measures the change of price of a financial instrument over a given time span.
Two-Line MACD. This indicator is available by default in a great deal of trading platforms. But it cannot be found in Metatrader 5.
This indicator calculates last average price for a symbol and determines the trend direction, so it can be a signal to commit a trade operation.
This is a simple but very fast ZigZag with no suspended or wrong peaks. The indicator is designed for use in EAs. Peaks retrieval has been time-optimized.
Corrected Average indicator by A.Uhl (also known as the "Optimal moving average").
The indicator calculates perfect market entry signals, which can be used for neural network training.
The indicator shows the size of Highs and Lows and their values over the specified period.
This is the improved version of Price Channel indicator. Two additional price levels, trade signals and Stop Loss/Take Profit levels were added.
Classic Pivot Point indicator paints pivot point and three resistance and support levels for all data points.
The indicator calculates the resistance and support lines and shows alerts when price is reached them.