ColorPsychological - MetaTrader 5 Script - MT4/MT5 Resources
Real author : Bruce Hellstrom (brucehvn)
This psychological indicator is implemented in the form of a color histogram and has alert, push and email notification capabilities.
Possible variations of alerts, push and email notifications (buy and sell respectively):
Figure 1. Color psychological indicators
Attachment download
📎 colorpsychological.mq5 (36.38 KB)
Source: MQL5 #18958
ColorPsychological - MetaTrader 5 script usage and filtering suggestions
ColorPsychological - MetaTrader 5 script is a resource related to Forex indicators. 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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