Trigger line transition modification - MetaTrader 5 script | Forex indicator download - MT4/MT5 resources
Simple trend indicator in the form of a colored cloud. The edge of the cloud is defined by LSMA and its EMA.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on May 17, 2008.
Figure 1. Trigger line offset modification indicator
Attachment download
📎 triggerlines_shift_modified.mq5 (4.93 KB)
Source: MQL5 #1719
Trigger line transition modification - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resource usage and screening suggestions
Trigger line transition modification - 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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