MultiCandleSignal - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The MultiCandleSignal indicator displays information about the current trend using candlestick directions on seven different time frames.
One of the seven indicator lines corresponds to each time frame. If the candlestick grows during the corresponding time frame, the line color is green. If it is falling, the line is pink. Color squares appear on the line when the bar of the corresponding time range changes.
Figure 1. MultiCandleSignal indicator
Attachment download
📎 multicandlesignal.mq5 (20.73 KB)
Source: MQL5 #2130
MultiCandleSignal - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
MultiCandleSignal - 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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