Forex Blog

My latest conversion from MT4 to MT5 code is the ZigZagOnParabolic indicator. The original indicator (as well as its MT5 version) is an improvement over standard ZigZag indicator that uses the data from Parabolic SAR (also a standard indicator) to calculate ZigZag peaks and bottoms. The indicator is also moderately customizable.…

Added an MT5 version of the Easy Trend Visualizer MetaTrader indicator to the site today. It has almost the same functionality as an MT4 version. The conversion process was rather painful with this indicator and it was the first time I really hated new MQL5 and MT5. Not only the code became more…

The latest addition to the newly converted MT5 indicators is CCI Arrows, which was added to my site in its MT4 version on April 19 this year. The conversion from MQL4 to MQL5 was rather easy this time with the main difference being that the iCCI() function can…

Converted Beginner indicator to MT5 version today. Actually, I was going to convert another indicator (BB MACD) but, unfortunately, MQL5 doesn’t yet support any easy substitutions for *OnArray() functions of the previous version of the language. The resulting Beginner indicator works fine in MetaTrader 5 — it still just…

This tutorial covers only MetaTrader 5 indicator installation. If you need info on MetaTrader 4 indicator installation, please, refer to my previous tutorial. So, you’ve downloaded some MT5 indicator and have no idea how to install into your trading platform? Read this tutorial to know…

Converted Aroon Up & Down indicator to MT5 today. It was an easy conversion but I’ve encountered a very strange piece of MQL code in the.mq4 version and had to rewrite both MT4 and MT5 code to remove two unnecessary indicator buffers and other code, connected with them. Why…

Enough with the conversion of the old MT4 indicators to MT5. I’ve decided to ad something new today. One of my site’s visitors asked me to make some working MT5 indicator that would display the spread on the chart (which is really useful for variable spreads). I’ve created this indicator both for MetaTrader…

I converted my second MT4 indicator MT5 today. It’s Price Alert. I’ve created and published its MT4 version on April 27th this year. This time it was much easier to convert from MQL4 to MQL5 language (compared to my first experience). There were two main differences…

I’ve had my first experience with the MetaTrader 5 indicator coding. It took me two days to rewrite one of my old MT4 indicators to MT5 (actually it was rather a conversion from MQL4 to MQL5). It wasn’t very easy — in fact I’ve expected some sort of backward compatibility, albeit…

Trend indicators seem to be the most popular ones among the Forex traders. Indeed, Forex market is quite trendy and if a trader manages to catch this trend in its early stage and exit not long after the trend ends, considerable profit can be made. Today, a new free…