InOutBar - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Real author : Karenzo
If the candlestick of the higher timeframe selected in the input parameters is higher or lower than the previous candlestick, the indicator marks the candlestick with a colored arrow. It should be noted that the indicator is (for obvious reasons) replotted on the number of candlesticks contained in the candlesticks of the higher timeframe selected in the input parameters.
Figure 1. InOutBar indicator.
Attachment download
📎 inoutbar.mq5 (19.61 KB)
Source: MQL5 #19657
InOutBar - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
InOutBar - 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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