Three Screen Elder Arrow - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Alexander Elder
The indicator is based on the trading system "Elder's Triple Screen": we have 3 time frames (windows) 1 - High, 2 - Medium, 3 - Low or current time frame. To avoid errors, it is not recommended to change its location. The algorithm is based on a very simple principle: if the MA grows within the specified time frame (window) - buy, if it falls - sell.
Attachment download
📎 3screenelder.mq5 (11.02 KB)
Source: MQL5 #1797
Three-Screen Elder Arrow - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Three-Screen Elder Arrow - 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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