MT5 Indicators

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

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

Hammer Indicator – indicator MetaTrader 5

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Hammer Indicator - indicator for MetaTrader 5
The Hammer Indicator identifies key candlestick formations, specifically green and red hammers as well as inverted hammers, on a MetaTrader 5 chart. It is designed to highlight potential reversal points in price by analyzing the candlestick structure on each bar. A hammer is generally characterized by a small body and a long lower wick, indicating … Read more

Day Of Week, Week Of Year and other marks in Data Window and on chart – indicator MetaTrader 5

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Day Of Week, Week Of Year and other marks in Data Window and on chart - indicator for MetaTrader 5
The indicator WeekDays displays Day Of Week, Week Of Year, Day Of Year or Bar Index in the Data Window, and optionally in labels on the chart. As usual, the information in the Data Window is updated dynamically according to mouse movements: the name of the day is always promptly updated in the left column, … Read more

AutoFibo indicator of two last swings based on ZigZag for MT5 – indicator MetaTrader 5

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AutoFibo indicator of two last swings based on ZigZag for MT5 - indicator for MetaTrader 5
Features: Automatic Fibonacci Levels: The indicator dynamically draws Fibonacci retracement lines based on recent ZigZag highs and lows, giving a clear view of potential reversal points. Dynamic and Static Fibonacci Options: Users can choose between dynamic and static Fibonacci retracement levels. The dynamic levels update continuously based on the latest ZigZag points, while the static … Read more

Sample pine script stochastic divergence converted to MQL5 – indicator MetaTrader 5

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Sample pine script stochastic divergence converted to MQL5 - indicator for MetaTrader 5
The purpose of this code is to convey an idea to people seeking simple and functional approach to converting pine script to MQL5. Here is the pine script code: //@version=5 indicator(title=’sample stochastic divergence’, overlay=true) stoch_len = input.int(title=’stoch_len’, defval=5) f_top_fractal(_src) =>     _src[4] < _src[2] and _src[3] < _src[2] and _src[2] > _src[1] and        _src[2] > … Read more

Custom crosshair cursor with synchronization – indicator MetaTrader 5

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Custom crosshair cursor with synchronization - indicator for MetaTrader 5
Useful for multi timeframe charts to locate candle of interest.It converts optionally server time to local time shown as tooltip. Press [Ctrl] or [Shift] key while moving mouse on a chart to reposition the custom crosshair cursor. Indicator parameters: Show localtime display localtime as tooltip Cursor colorcolor of crosshair cursor Cursor namesame cursor name will … Read more