Universal Trend Indicator - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
It shows the trend direction of multiple currency pairs on the current time frame. Indicator operation is based on the comparison of three MA indicators with different contextual shift parameters.
Input parameters:
The indicator settings are adjusted as follows:
Other parameters of the indicator are also adjustable. The indicator display angle is also adjustable.
The value of this indicator corresponds to the ratio of the currency pair's top row to the side column and the current chart time frame value.
Displayed on the chart:
Attachment download
📎 syminfo.mq4 (5.37 KB)
Source: MQL5 #13457
General Trend Indicator - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Universal Trend 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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