ShadeOpenX - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The indicator uses colored rectangles to mark the time period of the day specified in the indicator settings. The middle rectangle is drawn based on the opening and closing prices of the trading period (the body of the resulting candlestick for the specified period), while the upper and lower rectangles represent the candlestick shadow. The color of the ascending candlestick is lime green and the color of the descending candlestick is yellow brick. The indicator is drawn using graphic objects.
Figure 1. ShadeOpenX indicator.
Attachment download
📎 shadeopenx.mq5 (29.29 KB)
Source: MQL5 #19340
ShadeOpenX - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
ShadeOpenX - 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
- •
- •
- •
- •
- •
- •