Real Signals - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
This indicator provides an easy way to find out the current direction of a currency pair. If you notice in the chart below, just by looking at the last line, you already know what's going to happen next, whether it's a "buy" or a "sell." When you put a vertical line there, it will be easier to figure out the direction that is going to happen and the current trend. This indicator is specifically designed for use with the TF H4. So when you use it with TF H4, you only need to look at the last line to "buy" or "sell". If you want to know if a "breakout" is happening or has already happened, you should look at "Arrows". Basically, the "arrows" in this indicator are created for "breakouts".
Attachment download
📎 real_signal.mq4 (9.39 KB)
Source: MQL5 #15932
Real Signals - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resource Usage and Screening Suggestions
This content can be used as a data entry for foreign exchange EA, indicators, trading systems or quantitative strategies. When reading, it is recommended to make a judgment based on the platform version, trading type, time period, risk control method and historical discussion background. Do not use it directly based on the title or a single point of view.
If the content involves MT4/MT5, ForexFactory, MQL source code, TradingView indicators or strategy discussions, you can give priority to the parameter logic, backtest environment, market stage, execution cost and failure conditions, and then decide whether to continue downloading, reviewing or secondary development.
Risk warning
For any EA, indicator or automatic trading strategy, it is recommended to first conduct historical backtesting, simulation account verification and small capital testing. Grid, Martin, high frequency, recovery and examination strategies especially require setting the account risk upper limit, single variety risk upper limit and manual deactivation conditions.
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