MT4 Indicators

MetaTrader 4 (MT4) indicators are essential tools for technical analysis within the MetaTrader 4 trading platform; MQL4 source codes available

Multi time frame example by recursion – indicator MetaTrader 4

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Multi time frame example by recursion - indicator for MetaTrader 4
The purpose of this indicator is to demonstrate newbie friendly way a structure of a multi time frame indicator based on recursion. A function which is responsible of the indicator calculation itself can be replaced easily. A functionality which is responsible of downloading of multi time frame data can also be utilized and if modified … Read more

pivots calculation based on pine script v4 – indicator MetaTrader 4

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pivots calculation based on pine script v4 - indicator for MetaTrader 4
For MQL5 version please click here. pine script v4 function I/O : pivothigh(source, leftbars, rightbars) → series[float] pivotlow(source, leftbars, rightbars) → series[float] This indicator includes two simple functions to calculate the pivotshigh and pivotslow functions based on pine script. The functions can be used as copy and paste snippet in conversion projects from tradingview platform. Note: The … Read more

Relative Price Channel – indicator MetaTrader 4

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Relative Price Channel - indicator for MetaTrader 4
MT4 version of original indicator: https://www.mql5.com/en/code/22576Since the MT4 functionality is limited in the methods of drawing indicators, there are no color zones, but their boundaries are in place. Basics: RSI indicator is frequently used in trading decisions coupled with levels checking. Levels are supposed to show if there is overbought or oversold condition. But frequently we … Read more

Candle Gain Candle Loss – indicator MetaTrader 4

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Candle Gain Candle Loss - indicator for MetaTrader 4
The indicator can calculate gain/loss in two modes: plain candlestick Close and Open difference, and as difference between current Close and previous Close. You can set minimum change limits (for pips and percentage), change modes, and you can also control font color of the output numbers. The indicator is available for MT4. Displays the gains … Read more

Adaptive Volatility Analysis – indicator MetaTrader 4

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Adaptive Volatility Analysis - indicator for MetaTrader 4
The AVA (Adaptive Volatility Analysis) Indicator is a tool I’ve developed, primarily for enhancing my own indicators and Expert Advisors (EAs). It’s designed to gauge market price movements with greater precision. Unlike standard indicators that offer a static view of the market, the AVA adapts its analysis based on current market dynamics. This adaptability makes … Read more