LGP_Ivanoff_Maloma-Demark_levels - MetaTrader 5 script
Real author: light guide plate
Fractal-based changes. The closing price is used for the blue and pink fractals, the high and low prices are used for the red and green fractals.
The indicator was first implemented in MQL4 and released in the code base on September 14, 2007.
Figure 1. Indicator LGP_Ivanoff_Maloma-Demark_levels
Attachment download
📎 lgp_ivanoff_maloma-demark_levels.mq5 (18.96 KB)
Source: MQL5 #18471
LGP_Ivanoff_Maloma-Demark_levels - MetaTrader 5 script usage and screening suggestions
LGP_Ivanoff_Maloma-Demark_levels - 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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