WidnersOscilator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Normalized oscillator of two curves, similar to the Aron indicator.
The indicator logic is similar. A blue line above the red line means the trend is growing, and a red line above the blue line means the trend is declining. The crossing of the lines indicates the moment when the trend changes.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on February 12, 2008.
Figure 1. WidnersOscilator indicator
Attachment download
📎widnersoscilator.mq5 (8.17 KB)
Source: MQL5 #1890
WidnersOscilator - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
WidnersOscilator - 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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