ColorSchaffWPRTrendCycle - MetaTrader 5 Script - MT4/MT5 Resource
This Schaff Trend Cycle indicator is based on the difference between the two WPR oscillators of different periods.
Figure 1. ColorSchaffWPRTrendCycle indicator
Attachment download
📎 colorschaffwprtrendcycle.mq5 (10.84 KB)
Source: MQL5 #13442
ColorSchaffWPRTrendCycle - MetaTrader 5 script usage and filtering suggestions
ColorSchaffWPRTrendCycle - 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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