PriceAction Indicator - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources
The PriceAction indicator is based on candles that indicate price action. It indicates each candle type through different colored histogram bars.
The length of each bar of the histogram represents the strength of the price action candle.
Attachment download
📎 priceaction.mq4 (10.94 KB)
Source: MQL5 #15232
PriceAction Indicator - MetaTrader 4 Script | Foreign Exchange Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
PriceAction Indicator - MetaTrader 4 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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