i-GentorLSMAEMA_v02 - MetaTrader 5 Script - MT4/MT5 Resources
FX Sniper, KimIV
Trend indicator with two colored lines. Color lines are defined by trends.
The color of the upper line is determined by the price's position relative to the classic moving average . The color of the bottom line is determined by the price's position relative to the LSMA .
The indicator was originally written in MQL4 and first published in the code base on September 26, 2007.
Figure 1 Indicator i-GentorLSMAEMA_v02
Attachment download
📎i-gentorlsmaema_v02.mq5 (8.01 KB)
Source: MQL5 #2203
i-GentorLSMAEMA_v02 - MetaTrader 5 script usage and screening suggestions
i-GentorLSMAEMA_v02 - MetaTrader 5 script is a resource related to foreign exchange 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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