Early trend pressure - MetaTrader 5 script | Forex indicator download - MT4/MT5 resources - MetaTrader 5 resources
The Advanced Trend Pressure Indicator displays trend direction and strength lines. It can also show the bullish and bearish components of a trend.
Trend is determined using Close-Open, High and Open (for bearish candlesticks) and Open-Close, High and Low (for bearish candlesticks) - i.e. the indicator uses the size and direction of the candlestick body and the size of its shadow.
It has two parameters:
Figure 1 Trend direction and strength lines.
Figure 2 Trend direction and strength lines and bullish and bearish component lines.
Attachment download
📎 tp.mq5 (9.01 KB)
Source: MQL5 #19879
Early trend pressure - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resource usage and screening suggestions
Early 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.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •