Best MT5 Indicators with MQL5 Source Codes

Kaufman's Adaptive Moving Average (KAMA)

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MA Ribbon (EMA Variation) Indicator

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Non-Lag MA Indicator

Non-lag Moving Average indicators, such as the Weighted Moving Average (WMA) or the Jurik Smoothed Moving Average, are popular for their ability to provide clearer signals with reduced lag compared to traditional MAs. Setups typically involve using a non-lag MA to identify the trend direction: buy signals may be triggered when the price crosses above the MA, while sell signals may occur when it crosses below. Additionally, traders often combine these signals with other indicators, like oscillators (e.g., RSI or MACD), to confirm entries and exits, aiming for higher accuracy in their trades. Always ensure proper risk management and backtesting to optimize setups.

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Three (3) MA Cross Indicator with Arrows & Alerts

The 3 Moving Average Cross Indicator with arrows and alerts is a trading tool that uses three moving averages with different time periods to generate buy and sell signals. When the short-term MA crosses above the medium-term MA and the medium-term MA crosses above the long-term MA, a bullish arrow appears and an alert is triggered, indicating a potential buy signal. Conversely, when the short-term MA crosses below the medium-term MA and the medium-term MA crosses below the long-term MA, a bearish arrow appears and an alert is triggered, indicating a potential sell signal, allowing traders to quickly identify and act on potential trading opportunities.

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Multi MA Cross ATR Indicator

The Multi MA Cross ATR (Average True Range) Indicator is a trading tool that combines moving averages with the volatility measurement provided by the ATR. When the shorter-term MA crosses above the longer-term MA, it typically generates a bullish signal, indicating a potential upward price movement. Conversely, a cross below may signal a bearish trend. The ATR component helps traders gauge market volatility, allowing for better risk management by adjusting stop-loss levels and position sizing based on current market fluctuations. This combination can enhance trading strategies by providing clearer entry and exit signals while accounting for market conditions.

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MA Distance from Price Indicator

The MA Distance from Price indicator is a technical analysis tool that displays the distance between the moving average and the current price of an asset. Typically, this indicator places dots above or below the price line depending on whether the price is above or below the moving average, providing a visual representation of the trend and momentum. A larger distance can indicate stronger trends, while narrower distances might suggest consolidation or potential reversals. Traders often use this indicator to make informed decisions regarding entry and exit points in their trading strategies.

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MA NRTR Indicator

The MA NRTR indicator utilizes a channel created from a standard moving average, but only displays the portion of the channel that corresponds to the current trend direction, as indicated by a breakout. Buy and sell signals are represented by colored circles with matching colored dots, providing a clear visual indication of potential trading opportunities.

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Multi Weighted MA Indicator

The Weighted Moving Average (WMA) Indicator is commonly used to identify potential trade entries by placing greater emphasis on more recent price data, making it a useful tool for traders looking to capture trends. To utilize the WMA for trade entries, traders generally look for crossover signals, such as when the WMA line crosses above a longer-term moving average, indicating a potential buy signal, while a crossover below might suggest a sell signal. Additionally, traders can consider confirming these signals with other technical indicators, such as the Relative Strength Index (RSI) or MACD, to enhance the reliability of their entries.

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MA Candlesticks Indicator

The MA Candlesticks Indicator offers a unique visualization of moving averages by representing them as candlesticks based on the Close, Open, High, and Low prices. This flexibility allows traders to customize their analysis across various instruments and timeframes, making it versatile for different trading strategies. Entry points can be identified by observing the interaction between the MA candlesticks and the actual price action; for instance, a crossover or a bounce off the MA levels can indicate potential buy or sell signals.

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MA Color MTF Indicator

The MA Color MTF (Multi-Timeframe) Indicator allows traders to assess moving averages across different time frames with color coding to indicate trends.  Here are some potential entry points that traders may use with this indicator:

1. Crossover signals: When the short-term MA (e.g., 5-period) crosses above or below the long-term MA (e.g., 50-period), it can be a buy or sell signal, respectively.
2. Color changes: A change in color from a bullish to a bearish or vice versa can indicate a potential reversal or trend change.
3. Confluence with other indicators: The MA Color MTF Indicator can be used in conjunction with other indicators, such as the Relative Strength Index (RSI) or Bollinger Bands, to confirm entry and exit points.
4. Breakouts: If the shorter-term MA breaks above or below a key resistance or support level, it can be a potential entry point.
5. Trend-following: Traders can use the MA Color MTF Indicator to identify the overall trend and follow it by buying when the shorter-term MA is above the longer-term MA and selling when it's below.

Keep in mind that no indicator is foolproof, and it's essential to combine the MA Color MTF Indicator with other forms of analysis and risk management techniques to improve trading performance.

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Vervoort Crossover Extended Indicator

The Vervoort Crossover Extended Indicator is a trading tool that signals potential buy and sell opportunities based on crossovers of moving averages along with additional confirmation mechanisms. Traders can look for setups where a shorter-term moving average crosses above a longer-term moving average, indicating a potential bullish trend (buy setup). Conversely, a cross below suggests a bearish trend (sell setup). It's important to confirm these signals with other forms of analysis or indicators such as volume trends or oscillators to reduce the risk of false signals and enhance the effectiveness of the trade. Additionally, traders should consider market conditions and not rely solely on one indicator for decision-making.

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