Molanis Technical Indicator Builder has an easy to use, highly intuitive graphical environment with a comprehensive set of predefined blocks that let you design Custom Indicators for MetaTrader 4 in minutes. No coding, programming or MQL knowledge is required. Molanis’ MQL code generator transforms your design into ready to use custom indicators.
A Technical Indicator is a result of mathematical calculations based on the price and/or volume of a currency pair. Most used technical indicators (i.e. Moving Average and MACD) have a fixed mathematical calculation. Traders are allowed to change some input variables but not the mathematical calculation.
A Custom Indicator is a Technical Indicator where the mathematical calculations are defined and changed by the trader, bringing countless possibilities. Molanis Technical Indicator Builder contains an Indicator Calculation Editor that empowers you to create custom indicators that use complex mathematical calculations.
Features and Benefits
Create Custom Indicators without writing any code.
Fast development time. Test your trading ideas in minutes.
No programming skills or MQL knowledge are required.
Leading Edge Code Generation creates all the code for MetaTrader.
Keep your trading and indicator ideas to yourself. No need to share your knowledge with programmers.
Gives you access to Molanis Online Community, Molanis Forum and free custom indicators for MT4.
Watch the Indicator Builder Video Tutorial
“Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. No “safe” trading system has ever been devised, and no one can guarantee profits or freedom from loss. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.”