MT4 Indicators

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

Moving Averages-14 different types – indicator MetaTrader 4

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Screen
Click here for MT5 version. This is an indicator to calculate 14 types of moving averages based on close price. The calculations are mostly based on pine script libraries.  Types included are:     SMA, EMA, WMA, VWMA,    RMA, DEMA, TEMA, ZLEMA,    HMA, ALMA, LSMA,    SWMA, SMMA, DONCHIAN   Moving Averages-14 different types – … Read more

Divergences Template Indicator – indicator MetaTrader 4

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DivEurusd
How template works? This indicator provides a template to be used to plot divergences based on your desired oscillator. Depending on which oscillator you choose(whether it is CCI, RSI or even your custom indicator) you may modify this part of the code:    /////////////////////////////////////////////    //Load indicator data into indicator buffer    //You can easily … Read more

Bounce Strength Indicator – indicator MetaTrader 4

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Bounce Strength Indicator default settings
Bounce Strength Indicator (BSI) shows the strength of bounce according to the Wyckoff method. After a move higher, the stock moves into a flat consolidation with a clear support level. Chartists should watch action closely as prices approach support. A high volume surge off support, also known as a springboard, is the first sign that … Read more

Bounce Strength Indicator 2.0 with Tango Line – indicator MetaTrader 4

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Bounce Strength Indicator v2.0
Bounce Strength Indicator (BSI) shows the strength of bounce. It now works in trend and uses Tango Line calculations. There is no difference in the basic concept, but I tried to remake it from a different angle. I used the width of the range as a measure to measure (like a classical oscillator). This version … Read more

Hull Moving Average – indicator MetaTrader 4

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Hull Moving Average - indicator for MetaTrader 4
The Hull Moving Average (HMA), developed by Alan Hull, is an extremely fast and smooth Moving Average that almost eliminates lag altogether and manages to improve smoothing at the same time. For that, Alan wrote an equation for the calculation of this Moving Average like this: LWMA[square root(period), (2*LWMA(period/2, price)-LWMA(period, price)] With this clever equation, … Read more

PriceHistogram OnClick Event – indicator MetaTrader 4

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price histgram on click v1.02
This indicator shows four price histograms when a click event is fired. Personally, I made it for the check at the time of development, but it was shared. Updates (30/07/2015): v 1.01 Eliminated bugs due to the InpCalcTime does not work. Changed the BinRangeScale from 6 to 4. v 1.02 A large bug was found. … Read more