Asymmetric Trend Pressure - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The Asymmetric Trend Pressure indicator shows trend direction and strength lines. It can also show the bullish and bearish components of a trend.
Unlike forward trend pressure , only the opening and closing prices of a specific period are used here to determine the trend direction. In addition, the indicator allows an asymmetric selection of the calculation periods for bullish and bearish trend components.
The indicator has four input parameters:
Figure 1 Trend direction and strength lines.
Figure 2 Trend direction and strength lines and bullish and bearish component lines.
Attachment download
📎 atp.mq5 (9.46 KB)
Source: MQL5 #19880
Asymmetric trend pressure - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Asymmetric Trend Pressure - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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