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MQL5 Source Codes of Technical Indicators for MetaTrader 5 - 8
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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Indicator "The 2 Pole Butterworth Filter". was created by John Ehlers ("Cybernetic Analysis For Stocks And Futures", p. 192)
The Gann High Low Activator Indicator was described by Robert Krausz in a 1998 issue of Stocks & Commodities Magazine. It is a simple moving average SMA of the previous n period's highs or lows.
This indicator shows the amount of price movement within a certain time, compared to the actual price movement range. Good to detect consolidation areas, as well as new trends being formed
Simple Simulator is designed to practice manual trading on historical data.
If you can't watch your statistics and your game plan at all time, your emotions will take control and you will start taking ENTRIES such as revenge trade especially when you lose it.
The story behind this indicator is really interesting. I've published last week a script called "Identify potential Trends/Range (Pivot Points)" and a huge number of MQL5(ers) contacted me to ask if it is possible to have it as an indicator. So I was glad that lot of people actually like my scripts and indicators so that is why I've decided to convert the script to this indicator.
I want to share with you this story. When I started trading, I learnt the scalping strategy in a volatile market. I really loved scalping especially when I see the price is moving fast. However, scalping for a long period of time is exhausting to me especially in a volatile market; volatile market requires fast analysis, actions and reactions; that is why I always reach a point that I loss concentration, focus and I start making those really stupid mistakes. That is why I created this indicator that helped me to automatically identify these potential entries (based on the formation of candlesticks) instead of doing all the work myself. I know there are plenty of Metatraders who also suffer from this and that is why I would like to share this indicator with you, hopefully it will be beneficial. Do not forget to send you comments as well as rate these scripts. Happy trading!
M1-based Moving Average. It gives more adequate estimation of average price per bar compared to any standard price type (close, open, median, typical, weighted, etc).
This MT5 indicator is to count down the remaining time of the current bar as the format HH:MM:SS
Indicator WaveMTF Bull and Bear System with Signal and Alert for MetaTrader 5 with options to display signal on the chart.
Calculates a Exponential Moving Average based on RSI Data, instead of the regular Pricing data. Simple and and to the point.
This is MQL5 version of Shved Supply and Demand written by Shved and upgraded by eevviill7 with history mode.
The VR Sync Chart Lite indicator is written for demonstration purposes and shows how it is possible to synchronize the object
FiboPivotCandleBar MetaTrader 5 is a composite of several forex indicators, Fibonacci, Pivot Point, ZigZag, MACD and Moving Average which are combined in this indicator.
Non Lag Relative Strength Index for MT5 Eliminates unnecessary preliminary calculations on the built-in RSI.
Volume Profile + Range v6.0 (former TPO). Distribution of deals by price levels at a given time interval. Displayed as a histogram. The width of the histogram at the level means the number of transactions carried out on it. All Credits of this Amazing indicator to Olexiy Polyakov. I have just fixed the iBarShift and iTime issues, since this is such a great indicator for traders ! Now it is working fine with this files.
Regression Channel with variable polynomial degree - indicator for MetaTrader 5.