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ASQ Indicator Manager
Info
The ASQ Indicator Manager is a Library for MetaTrader 5 that stop managing 11 separate indicator handles with boilerplate code. ASQ Indicator Manager bundles 11 popular indicators into a single class, offering automatic handle creation, efficient bar-based caching, and trend analysis tools.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Library works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Libraries folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use ASQ Indicator Manager
1. Storage: Place library files in the MQL/Libraries directory to ensure they are accessible to your projects.
2. Implementation: Include the library in your code using the #import directive, ensuring you match the exact function names and parameters.
3. Compilation: Ensure the library is present in the directory before you compile your main EA or script, as the compiler links them during this phase.
4. Management: Keep libraries organized in sub-folders if you manage many custom functions to maintain a clean project structure.
Frequently Asked Questions
Q: What is a library file used for? A: Libraries store reusable code modules, allowing you to centralize common logic used by multiple EAs or indicators.
Q: Is a library executable? A: No, libraries are non-executable files containing functions; they must be imported into an EA, indicator, or script to function.
Q: Can I update a library while the platform is running? A: You should compile your EA or script after updating a library to ensure the latest code changes are integrated.
What this tool does
Stop managing 11 separate indicator handles with boilerplate code.
Typical Use Case
This Library excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Library works on MetaTrader 5. Place the file in the MQL5/Libraries folder and restart the terminal.
Description & Settings
Related: ASQ Session Manager for MetaTrader 5 - another powerful library for MetaTrader 5 traders.
Stop managing 11 separate indicator handles with boilerplate code. ASQ Indicator Manager bundles 11 popular indicators into a single class, offering automatic handle creation, efficient bar-based caching, and trend analysis tools.Also recommended: AT R-Based Stop Loss Manager - similar library with strong performance on MetaTrader 5.
Features:
- 11 Indicators in One: Includes 3 Moving Averages (EMA fast/med, SMA slow), 3 ATRs (fast 7, standard 14, slow 50), RSI, Stochastic K/D, CCI, MACD (main/signal/histogram), and ADX (+DI/-DI).
- Smart Caching: Update() copies buffers only on new bars, ensuring fast access between bars. ForceUpdate() for tick-level precision.
- Automatic Handle Management: CreateHandles() and ReleaseHandles() ensure no memory leaks.
- Customizable Periods: Set periods for all indicators with dedicated methods.
- Trend Voting: Confirms trend direction (+1/-1/0) based on MA alignment, DI crossover, and MACD histogram.
- Market Regime Classification: Identifies 5 market regimes - Trending Up, Trending Down, Ranging, Volatile (ATR ratio > 1.5x), and Quiet (< 0.5x).
- Overbought/Oversold Detection: Uses RSI and Stochastic K for accurate OB/OS signals.
- Volatility Ratio: Compares fast and slow ATR for regime insights.
- Trend Strength: ADX value, IsTrending(), and IsRanging() for trend analysis.
- Shift Support: Getters accept shift parameter for historical data.
Demo Indicator Included: A live dashboard displays all indicator values, trend direction, market regime, OB/OS status, volatility ratio, and trending/ranging mode.
Usage:
#include "ASQ_IndicatorManager.mqh"
CASQIndicatorManager ind;
ind.SetMAPeriods(8, 21, 50);
ind.Initialize(_Symbol, PERIOD_M5);
ind.Update(); // Call on every tick
double rsi = ind.GetRSI();
int trend = ind.GetTrendDirection(); // +1, -1, or 0
Place both files in the same folder for instant compilation.
This open-source library is compatible with MetaTrader 5, supporting all brokers, instruments, and timeframes.
Files:
- ASQ_IndicatorManager.mqh — Library (325 lines)
- ASQ_IndicatorManager_Demo.mq5 — Demo indicator (238 lines)
Total: 563 lines of MQL5 code.
You may also like: Module of Trade Signals, based on Brain Trend1 indicator - excellent alternative for library users on MetaTrader 5.
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.