- November 7, 2025
What Are Indicators
Overview In MQL5, an indicator analyzes market data and visualizes results on a chart or subwindow. Unlike Scripts and Expert Advisors, indicators do not send orders; they compute values and draw them as lines, histograms, or arrows so you can interpret trends and signals. You can use built-in indicators (e.g., Moving Average, RSI) or create custom ones with MQL5. What You Will Be Able to Do Code Example Execution Steps Key Point Indicators compute and draw values; they do not trade. They are often used as inputs to Expert Advisors or for visual decision support on charts. Next Section → Next: Reading Indicator Values