MultiCandleTrend_x10 - MetaTrader 5 Script - MT4/MT5 Resources
The MultiCandleTrend_x10 indicator displays information about the current trend using candlestick directions on ten different time frames.
Each of the ten indicator lines corresponds to a separate indicator. The line is light green if the candlestick is rising on the corresponding time frame, and red if the candlestick is falling. Colored dots appear on the line when the bar of the corresponding time frame changes.
Figure 1. MultiCandleTrend_x10 indicator
Attachment download
📎 multicandletrend_x10.mq5 (22.28 KB)
Source: MQL5 #12983
MultiCandleTrend_x10 - MetaTrader 5 script usage and filtering suggestions
MultiCandleTrend_x10 - 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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