HOPS and LOPS - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
Although the name may seem interesting, it is not.
"HOPS" and "LOPS" represent the previous trading day's high and the previous trading day's low. This makes it a support/resistance or pivot type indicator. This version supports any timeframe supported by MetaTrader 5 (even showing session pivot points, lows and highs for lower timeframes).
Attachment download
📎 hops-lops.mq5 (9.01 KB)
Source: MQL5 #19881
HOPS and LOPS - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
HOPS and LOPS - 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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