Trend Signal Indicator Version 2 - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resource
This is an updated version of my Trendsignal indicator, placed in the code base http://codebase.mql4.com/en/code/10238 .
This version draws lines based on signals on the chart in order to see potential points on the chart that can be covered, everything else is the same as the previous version.
Following the 1H - 4H chart it is easy to get up to 50-100 pips, risk/reward ratio may be lower, works for all currency pairs, also for commodities.
Attachment download
📎 Trendsignal_version_2.mq4 (4.76 KB)
Source: MQL5 #10928
Trend Signal Indicator Version 2 - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Trend Signal Indicator Version 2 - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 resources are resources 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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