Movement - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
The indicator draws bars in different colors depending on the direction of price movement (red - upward, blue - downward).
The direction is determined based on the price movement of the number of points specified in the "Points" variable. During movement in the opposite direction, color saturation decreases according to the rollback value. In addition to the main color, there are three additional color gradients: rolling back 1/4, 1/2, and 3/4 of the "point" value. Rolling back to a "point" value means a change in the direction of the price movement, in which case the indicator is drawn with the main color in the opposite direction.
Attachment download
📎 Movment.mq4 (11.47 KB)
Source: MQL5 #7099
Movement - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Movement - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 resources are resources related to Forex indicators. 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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