HLR_Histogram - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
This High Low Range (HLR) indicator is implemented in the form of a histogram, with colors indicating entry into overbought and oversold areas. If there was a previous opposite trend, the color of the first bar entering the overbought and oversold zones will be brighter.
The indicator was originally written in MQL4 and first published in the code base of mql4.com on January 25, 2007.
Figure 1. HLR_Histogram indicator
Attachment download
📎 hlr_histogram.mq5 (7.45 KB)
Source: MQL5 #15043
HLR_Histogram - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resource usage and screening suggestions
HLR_Histogram - 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 on titles or short-term profit descriptions.
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