Horizontal Trend Indicator - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
This indicator uses ADX period 14 to predict the current market trend (if D+ is above D- and above the main line).
I make checking ADX easy...just try and determine the rate and hopefully your trading will become easy.
Use Timeframe 5 M for faster acknowledgments...but other TFs will work too
Excludes moving averages.
Attachment download
📎 sideway_or__trend_v_1_2_update.mq4 (4.41 KB)
Source: MQL5 #11033
Horizontal trend indicator - MetaTrader 4 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
Horizontal Trend Indicator - MetaTrader 4 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.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •