WPR_DiverSign - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Original author:
Semaphore signal indicator using the difference between two semaphores WPR Oscillator indicator based on the extreme points of the last five bars.
A signal is formed when there is a divergence between two oscillators (fast and slow) and an appropriate combination of candlesticks:
Figure 1. Signal generation algorithm
Attachment download
📎 wpr_diversign.mq5 (9.84 KB)
Source: MQL5 #12677
WPR_DiverSign - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
WPR_DiverSign - 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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