Point Indi MT5 - MetaTrader 5 Script | Forex Indicators Download - MetaTrader 5 Resources
Points (MetaTrader indicator) Based on 2006 indicators Trend Lab . It displays the current trend direction by placing points on the main chart. Blue dots indicate a bullish trend and red dots indicate a bearish trend. Although this indicator does not rely on any standard MetaTrader indicators, it uses iMA() (Moving Average) Gets price values based on the input price type used (Close, Open, High, Low, Typical, etc.). Calculates the cosine of the price change angle. Traders can modify multiple input parameters. This indicator is available for the MT4 and MT5 versions of the platform.
Attachment download
📎 dots.mq5 (8.14 KB)
Source: MQL5 #55380
Click Indi MT5 - MetaTrader 5 script | Forex indicator download - MetaTrader 5 resource usage and screening suggestions
Click Indi MT5 - MetaTrader 5 script | Foreign exchange indicator download - MetaTrader 5 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 on titles or short-term profit descriptions.
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