FilterOverWPR - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Indoforex Group - Primajaya
Trend strength indicator with four states.
The stochastic oscillator is used as a signal source. Strong uptrends are marked as blue bars, weak uptrends are marked as light green. Red indicates a strong downward trend, while ginger indicates a weak downward trend.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on February 26, 2008.
Figure 1 FilterOverWPR indicator
Attachment download
📎 filteroverwpr.mq5 (6.61 KB)
Source: MQL5 #1878
FilterOverWPR - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and filtering suggestions
FilterOverWPR - 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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