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MQL5 Source Codes of Technical Indicators for MetaTrader 5 - 3
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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I wanted to build a moving average which would create an alert when the price moves over the line by a user defined amount of points. It creates both bullish and bearish signals depending on the direction of market price moving through the MA. It is designed for slow length moving averages (default is 200-day MA). EDIT: I now added a second version of the indicator which uses Arrow buffers instead of ObjectCreate.
This is a custom support and resistance indicator, signaling bouncebacks and key market levels.
The "Dynamic Support and Resistance" Indicator is a versatile tool that combines support and resistance levels with real-time market dynamics. By incorporating previous daily highs and lows, it provides valuable insights into market psychology and identifies potential areas of price reversals or breakouts. With its ability to adapt to changing market conditions and customizable options, traders can stay ahead of trends and make informed decisions. This indicator is suitable for various trading styles and timeframes, empowering both experienced and novice traders with a competitive edge.
Tortured small print in the terminal? This indicator makes price numbers visible!
This is a very easy-to-use indicator that displays the changes in Equity and balance of the trading account as it dynamically moves. Particularly useful on the back tester and good for beginners to read this very easy MQL5 code.
An implementation of the Relative Strength Index indicator by John Welles Wilder Jr. as described in his book—New Concepts in Technical Trading Systems [1978].
An implementation of the original Average True Range indicator by John Welles Wilder Jr. as described in his book—New Concepts in Technical Trading Systems [1978].
Shows moving Last Price on Bid Line, LAst 24 hours percentage change, switch chart from arrow keys and more..
Based on the original “Time Segmented Volume (TSV)” developed by Worden Brothers, Inc.
The equation of the straight line from the school, it is y = bx + с. (Conversion from https://www.mql5.com/en/code/7883)
The Roofing Filter Indicator was created by John Ehlers ("Cycle Analytics for Traders" pg. 80 - 82).
This indicator shows trend line and channels using the BSI Indicator. Original work of https://www.mql5.com/en/code/13615
This tool outlines extremes made by the prices within the selected window size. This is achieved by estimating the underlying trend in the price using kernel smoothing, calculating the mean absolute deviations from it, and adding/subtracting it from the estimated underlying trend. Originally Made By LuxAlgo. Coded in MT5 format.
The Restoring Pull Indicator was created by John Ehlers (Stocks & Commodities V.11:10 (395-400))
An indicator for drawing all important Pivot Points including: "Classic", "Camarilla", "Woodie", "Floor", "Fibonacci", "Fibonacci_Retracement".
The Predictive Moving Average was created by John Ehlers (“Rocket Science For Traders”, pg.212″).
A series of indicators 'Four Colors'. Signals are now 'Arrow' in the main window
An exponential moving average of the true range and the offset of its average deviation