ColorBarRange_HTF - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The indicator draws the channel using the high and low prices of the candlesticks of the higher timeframe specified in the indicator input parameters:
Input ENUM_TIMEFRAMES time range = PERIOD_H12 ; // chart period
Figure 1. ColorBarRange_HTF indicator
Attachment download
📎 colorbarrange_htf.mq5 (25.14 KB)
Source: MQL5 #18620
ColorBarRange_HTF - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
ColorBarRange_HTF - 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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