Chande_Kroll_Stop_v1 - MetaTrader 5 Script - MT4/MT5 Resource
Trend strength indicator plotted as a colored cloud. Blue is a strong trend and gray is a weak trend.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on February 20, 2008.
Figure 1. Chande_Kroll_Stop_v1 indicator
Attachment download
📎 chande_kroll_stop_v1.mq5 (7.26 KB)
Source: MQL5 #1886
Chande_Kroll_Stop_v1 - MetaTrader 5 script usage and filtering suggestions
Chande_Kroll_Stop_v1 - 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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