StepSto_v2 - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Trend indicator. The position of the histogram and the indicator signal line relative to the 0 level can be used as a reference mark to determine the trend. The intersection of the signal line and the histogram (the color of the histogram changes) can serve as a signal to execute a trade.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on October 25, 2007.
Figure 1 StepSto_v2 indicator
Attachment download
📎 stepsto_v2.mq5 (10.02 KB)
Source: MQL5 #16217
StepSto_v2 - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
StepSto_v2 - 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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