SimpleBars_V2 - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The indicator draws candlesticks based on the minimum and maximum values of the previous bar.
In this version of the indicator, all candlesticks that go against the trend are colored yellow.
The indicator was originally written in MQL4 and was first published in the code base on mql4.com on April 25, 2012.
Figure 1. SimpleBars_V2 indicator
Attachment download
📎 simplebars_v2.mq5 (6.32 KB)
Source: MQL5 #14128
SimpleBars_V2 - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
SimpleBars_V2 - MetaTrader 5 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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