AlphaTrendSpotter-pa_free - MetaTrader 5 Script - MT4/MT5 Resources
Semaphore signal indicator based on price extremes of two periods determined by the indicator input parameters.
The indicator was originally written in MQL4 and first published in the code base on January 4, 2016.
Figure 1. AlphaTrendSpotter-pa_free indicator
Attachment download
📎 alphatrendspotter-pa_free.mq5 (6.9 KB)
Source: MQL5 #14720
AlphaTrendSpotter-pa_free - MetaTrader 5 script usage and screening recommendations
AlphaTrendSpotter-pa_free - MetaTrader 5 script is a resource 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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