Simpler Trends - MetaTrader 4 Scripts | Trading Script Downloads - MT4/MT5 Resources - MetaTrader 5 Resources
Although there are many similar indicators, this particular indicator is based on code previously posted by Mladen Rakic and contains many improvements, some of which were added based on user requests in the comments.
Thank you for reading!
Attachment download
📎 simpler_trend.mq4 (6.98 KB)
Source: MQL5 #19159
Simpler Trends - MetaTrader 4 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
Simpler Trend - MetaTrader 4 Script | Trading Script Download - MT4/MT5 resources are trading script 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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