MT5 Indicators

MetaTrader 5 (MT5) indicators are essential tools for technical analysis within the MetaTrader 5 trading platform; MQL5 source codes available

Candle Range MT5 – indicator MetaTrader 5

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Candle Range MT5 - indicator for MetaTrader 5
Candle Range MetaTrader indicator — is a very simple and lightweight indicator that displays the candle’s range in pips on mouseover. In addition, to the High/Low range, it can optionally display the body size (Open/Close) for candles. Multiple display parameters are available to control how the indicator looks. This indicator is available for both MT4 … Read more

Zigzag fibo oscillator – indicator MetaTrader 5

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Zigzag fibo oscillator - indicator for MetaTrader 5
This is a quirky version of the Zigzag which is based on the MetaQuotes algorithm. Here are some differences and advancements: – The zigzag has two modes “Oscillator” and “HighLow”. The oscillator mode will show a visual oscillation of the zigzag swings, even though it’s not a true oscillator and it doesn’t have a fixed … Read more

Trend Equilibrium Indicator TrendEQ – indicator MetaTrader 5

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Trend Equilibrium Indicator TrendEQ - indicator for MetaTrader 5
Settings and Parameters General Parameters Momentum PeriodThe number of candles used to calculate momentum.Recommended value: 14(The higher the value, the smoother the curve, but with a lag.) Volatility PeriodThe number of candles used to calculate volatility.Recommended value: 14 Scaling FactorThe scaling factor adjusts the indicator calculation to produce a readable curve.Default value: 100000 Thresholds Overbought … Read more

Buffers for each hour (binary) and an hour buffer from 0-23 – for data collection purposes – indicator MetaTrader 5

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Buffers for each hour (binary) and an hour buffer from 0-23 - for data collection purposes - indicator for MetaTrader 5
Purpose Users may collect data for modelling. Time dummies are frequently used in economic modelling. The simple indicator below, which can easily be expanded upon, provides each hour as a binary buffer array vector. A final buffer array vector stores the hour itself. If data from other indicators is being collected to a CSV, for … Read more

Fibonacci Bollinger Bands (MQL5 Version) – Converted from Pine Script by Rashad – indicator MetaTrader 5

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Fibonacci Bollinger Bands (MQL5 Version) - Converted from Pine Script by Rashad - indicator for MetaTrader 5
This Fibonacci Bollinger Bands indicator is a conversion from Pine Script (by Rashad) to the MQL5 language. It combines the power of Bollinger Bands with Fibonacci levels to help traders identify dynamic support and resistance zones effectively. Features: Automatically calculates Fibonacci levels on Bollinger Bands. Provides a unique perspective for breakout and reversal trades. Fully … Read more

Volume weighted line chart with smoothing – indicator MetaTrader 5

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Volume weighted line chart with smoothing - indicator for MetaTrader 5
A simple indicator to make a smoother line chart while also using tick volume to determine the market direction. The basic idea is to give you the true direction of where the market is moving. When compared to the line chart, you can see that it is ignoring short noisy market movements. Smoothing can be … Read more

Economic Calendar Monitor and Cache for Backtesting on History – indicator MetaTrader 5

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Calendar Monitor in the tester reads events from the cache
To make a long story short: the built-in economic calendar of MetaTrader 5 is not (completely) synchronized with historical quotes. Quotes are marked with timestamps in accordance with the time zones that were in effect on the server at the moment of formation of each corresponding bar. Once the bars are formed they remain unchanged, … Read more

Extreme highs and lows with tick prices – indicator MetaTrader 5

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Extreme highs and lows with tick prices - indicator for MetaTrader 5
An indicator to mark extremums with lines. A period input is used to determine highest highs and lowest lows for that period. In this indicator, it’s not only highs and lows (OHLC) which are used in the analysis, but also bid and ask prices from each bar. A lookback figure is used to limit the … Read more