Technical Indicators for MetaTrader 5
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MetaTrader 5
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Overview
? Equilibrium — Multi-Timeframe CCI Reversal Indicator for MetaTrader 5
Equilibrium is a powerful technical indicator for MetaTrader 5, built on the Commodity Channel Index (CCI) to automatically detect potential market reversal points.
Designed for both manual traders and automated strategies, Equilibrium delivers precise BUY/SELL signals, adapting to changing market conditions in real time. Easily integrates into any MQL5 Expert Advisor for full automation.
? SEO Keywords: CCI indicator, Equilibrium MT5, MQL5 trading bot, Forex automation, CCI strategy, reversal signals, MT5 EA.
? Key Benefits
? Multi-timeframe analysisSupports up to 8 simultaneous timeframes: M1, M5, M15, M30, H1, H4, D1, W1
? High performanceProcesses up to 1,000,000 historical bars without significant delay
⚙️ Minimal configuration requiredOnly two key parameters: LimitHistory and LevelSignal for fast setup
? EA-ready integrationUses standard arrow buffers (DRAW_ARROW) for quick and easy EA connection
? Flexible and robustWorks with most currency pairs; optimized for accounts starting from $10,000
⚙️ How It WorksCCI Signal GenerationFor each active timeframe, the CalcSignalCCI() function calculates the CCI value at a specific time.
Signal Logic
If CCI > LevelUp → returns +1 → SELL signal (overbought)
If CCI < LevelDn → returns –1 → BUY signal (oversold)
Signal Aggregation
The total sum of signals from all timeframes is compared to LevelSignal:
- If sum ≥ LevelSignal → a blue BUY arrow is shown
- If sum ≤ –LevelSignal → a red SELL arrow is shown
Chart Visualization
Arrows are drawn on the chart using SignalBufferBlue and SignalBufferRed, offset by ArrowShift for clarity.
⚙️ Input Parameters
- LimitHistory — number of bars to analyze (recommended: 100,000 to 1,000,000)
- Length — CCI calculation period (default: 48; typical range: 14–100)
- LevelSignal — minimum number of concurrent CCI signals required to show an arrow (recommended: 3–5)
- ArrowShift — vertical shift of arrows on the chart (default: 20)
- tf_0 to tf_7 — enables/disables analysis for specific timeframes (M1 to W1)
- LevelUp0…7 / LevelDn0…7 — overbought and oversold CCI thresholds per timeframe
? Tip: For accurate multi-timeframe signals, make sure historical data is fully loaded in all selected timeframes by opening those charts in the terminal.
? Integration with Expert Advisors
Buffer declarations:
#property indicator_buffers 2double BuyArrow[], SellArrow[];SetIndexBuffer(0, BuyArrow);SetIndexBuffer(1, SellArrow);
Signal usage:
if (BuyArrow[i] > 0) {
// Open BUY trade
}
if (SellArrow[i] > 0) {
// Open SELL trade
}
Risk management suggestion:
Use a fixed percentage of the account balance per trade (e.g., 0.5–2%). Minimum recommended deposit: $10,000 for optimal stability on major FX pairs.
? Requirements & Recommendations
- Platform: MetaTrader
- Account size: $10,000 minimum (or equivalent)
- Historical data: Ensure all active timeframes have full history loaded
- Suggested defaults:
- Length = 48
- LevelSignal = 3–5
- LimitHistory ≥ 100,000
