Convenient use of indicators
Info
The Convenient use of indicators is a Library for MetaTrader 5 that general originally written for myself, when i had to work with many indicators at once. Each class consists of the multiple fields.
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 Convenient use of indicators
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
General Originally written for myself, when I had to work with many indicators at once.
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: Bridge - structural design pattern - another powerful library for MetaTrader 5 traders.
General
Originally written for myself, when I had to work with many indicators at once.
Also recommended: Timer - similar library with strong performance on MetaTrader 5.
Each class consists of the multiple fields. They can be the same for all (for example, indicator handle, timeframe, period, price) and those required by the particular indicator. The class also contains functions that set and get those fields.How to Use
Download the archive
. Files with the .mqh extension (that have "cind" in the beginning of file name) should be placed to the folder with your Expert Advisor.
Files with indicator names (*.mq5) should be placed to the \MQL5\Indicators\ folder.
Indicator parameters
can be set and modified using the class functions. For example:
Macd.SetFastEma(MACD_Fast_EMA_Period); // Set the value of the fast EMAMacd.SetSlowEma(MACD_Slow_EMA_Period); // Set the value of the slow EMAMacd.SetSignalSma(MACD_Signal_SMA_Period); // Set the value of the signal SMA
Macd — object of the CIndMacd class.
Indicator value
can be obtained by calling the corresponding function. For the "macd_histogram" indicator, it will look as follows:
double valueHist = Macd.OutValueHist(1); // Histogram value at the last bardouble valueMacd = Macd.OutValueMacd(1); // Indicator value at the last bardouble valueSignal = Macd.OutValueSignal(1); // Signal line value at the last bar
One as the argument means that the value is taken for the last completed bar.
Conclusion
In short, this is all. If you have questions on usage - write in comments.
You may also like: Matrix operations library - 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.