Explore the creation of custom indicators in MQL5, enhancing your algorithmic trading toolkit. Learn the intricate process of designing indicators from scratch, like crafting a bespoke Moving Average without relying on built-in functions. Grasp the mechanics of displaying calculations in both line and candle formats using indicator buffers and SetIndexBuffer(). Understand essential elements such as the OnCalculate() function for processing price data and determining candle colors. This guide simplifies complex concepts for beginners, while offering depth for experienced developers, empowering traders to tailor tools for specific strategies and gain a profound understanding of price movements and market trends.
#MQL5 #MT5 #CustomIndicator #MQL5

Read more...