MomentumCandleSign - MetaTrader 5 Script - MT4/MT5 Resources
The Semaphore signal indicator uses two momentum indicators, based on the opening and closing prices of the price series. A signal occurs when the difference between these indicators changes sign, i.e. exactly matches the change of the indicator. Momentum candle indicator fill color.
Attachment download
📎 momentumcandlesign.mq5 (7.47 KB)
Source: MQL5 #14184
MomentumCandleSign - MetaTrader 5 script usage and filtering suggestions
MomentumCandleSign - 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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