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MQL5 Source Codes of Technical Indicators for MetaTrader 5 - 129
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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Moving Averages Convergence/Divergence Indicator by William Blau.
Ergodic Mean Deviation Index (MDI) Oscillator by William Blau.
Stochastic Index Indicator (normalized smoothed q-period Stochastic) by William Blau.
Stochastic Indicator (smoothed q-period Stochastic) by William Blau.
The Buy/Sell signals of the indicator are based on crossover of two moving averages with different periods.
This indicator compares four types of regression (linear, quadratic, logarithmic and exponential) and chooses the one that best fits the data analyzed.
Kaufman Efficiency Ratio (also called "generalized fractal efficiency") according to Perry Kaufman books "Smarter Trading" and "New Trading Systems & Methods".
Kaufman Volatility indicator according to Perry Kaufman book "Smarter Trading: Improving Performance in Changing Markets".
The DRAW_COLOR_CANDLES style (as DRAW_CANDLES) draws candlesticks based on values of four indicator buffers, containing Open, High, Low and Close prices. In additions it allows you to specify color for each candlestick from a given set.
The DRAW_COLOR_BARS style draws bars based on values of four indicator buffers, containing Open, High, Low and Close prices. This is the advanced version of the DRAW_BARS style, that allows you to specify individual color for each bar from predefined color set.
The DRAW_COLOR_ZIGZAG style draws lines of different colors by values of two indicator buffers. This is the color version of the DRAW_ZIGZAG style and allows you to specify individual color for each line from predefined color set.
The DRAW_COLOR_ARROW drawing style plots the color arrows (symbols from Windings font).
The DRAW_COLOR_HISTOGRAM2 drawing style is used to plot color histograms using two indicator buffers, the colors are specified in the color buffer.
The DRAW_COLOR_SECTION drawing style is used to plot sections with different colors, the colors are specified in the color buffer.
The DRAW_COLOR_LINE drawing style is used to plot lines with different colors, the colors are specified in the color buffer.
Premier Stochastic Oscillator - Double EMA smoothing of stochastic, based on article in TASC by Lee Leibfarth (August 2008)
VininI Cyber Cycle - Identify cyclical movements of price, based on VininI_Cyber Cycle(V2).mq4 by Victor Nicolaev (2009)
The DRAW_ZIGZAG drawing style allow to draw sections using the values of two indicator buffers. It looks like DRAW_SECTION, but it allows to draw vertical sections inside one bar.
The DRAW_BARS drawing style is used to plot the bars using the values of 4 indicator buffers with Open, High, Low and Close prices.
The DRAW_FILLING drawing style plots the filled area between the values of two indicator buffers. In fact, it plots two lines and fills the area between them with the specified color.
The DRAW_CANDLES drawing style plots the candles using the values of 4 indicator buffers with Open, High, Low and Close prices.
The DRAW_HISTOGRAM2 drawing style is used for plotting the values of two indicator's buffers as a histogram.
The DRAW_HISTOGRAM drawing style is used for plotting the values of the indicator's buffer as a histogram.
The DRAW_SECTION drawing style is used for plotting the values of the indicator's buffer as a sections.
The DRAW_NONE drawing style is used in cases, when you need to calculate and show the values of the indicator in "Data Window", but the plotting isn't needed.