MultiHighsLowsSignal - MetaTrader 5 Script - MT4/MT5 Resources
The MultiHighsLowsSignal indicator displays information about the active trend using seven values. The High and Low signals indicator for different time frames.
One of the seven indicator lines corresponds to each HighsLowsSignal indicator. The trend direction shown by the line color corresponds to the direction of the last signal.
Figure 1. MultiHighsLowsSignal indicator
Attachment download
📎 highslowssignal.mq5 (14.7 KB)
📎 multihighslowssignal.mq5 (45.11 KB)
Source: MQL5 #2330
MultiHighsLowsSignal - MetaTrader 5 script usage and filtering suggestions
MultiHighsLowsSignal - 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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