Blau T3 ECO - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
W. Blau's T3 Ergodic Candlestick Oscillator is a momentum indicator. It is based on the candlestick and works with the size and orientation of the candlestick "body". Unlike other momentum indicators, Blau T3 ECO is not affected by price gaps.
The simplest way to use this indicator is to determine the trend based on where it is below or above the zero line. Another method is to track the slope.
Blau T3 candlestick traversal implements new display types and styles.
Attachment download
📎 blau_-_t3_ergodic_candlestick_oscillator_1.02.mq5 (8.13 KB)
Source: MQL5 #16520
Blau T3 ECO - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Blau T3 ECO - 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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