ColorSchaffTriXTrendCycle - MetaTrader 5 Script - MT4/MT5 Resource
This Schaff Trend Cycle indicator is based on the difference between the two TriX oscillators of different periods.
Figure 1. ColorSchaffTriXTrendCycle indicator
Attachment download
📎colorschafftrixtrendcycle.mq5 (10.96 KB)
Source: MQL5 #13436
ColorSchaffTriXTrendCycle - MetaTrader 5 script usage and filtering recommendations
ColorSchaffTriXTrendCycle - MetaTrader 5 script is a resource related to trading scripts. 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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