Stowell's Three Bar Net Line - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources
The indicator plots two Stowell patterns on the right edge of the chart: upper and lower. A break of three candles (Stowell) indicates a change in trend.
Both files must be compiled. Only the second file is attached to the chart ( 3clinetf.mq4 ).
Input parameters:
This is a multi-timeframe indicator. The time range is specified by TF (TF=0 indicates the time range of the current chart).
Attachment download
📎 3cline.mq4 (8.51 KB)
📎 3clinetf.mq4 (4.94 KB)
Source: MQL5 #13438
Stowell's three-bar net line - MetaTrader 4 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
Stowell's Three-Bar Net Line - 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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