BSI Trends and Channels - MetaTrader 4 Script | Trading Script Download - MT4/MT5 Resources
This indicator uses the BSI indicator to display trend lines and channels.
First, it checks trends via BSI. Then, draw trend lines or channels conditionally. Use regression lines for trend lines and tango lines for channels.
I have uploaded compatible Tango Line indicators. I rewrote it again for this indicator.
Figure 1. Uptrend Line
Figure 2. Uptrend Line
Figure 4. Downtrend Line
Attachment download
📎 bsi_trend.mq4 (30.31 KB)
📎 tangoline_v1.2.mq4 (14.41 KB)
Source: MQL5 #13615
BSI Trends and Channels - MetaTrader 4 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
BSI Trends and Channels - MetaTrader 4 Script | Trading Script Download - MT4/MT5 resources are trading script 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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