X Bar Clear Closing Trend - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
To define a trend reversal, the indicator does not use any moving averages or parameters related to the distance traveled by the price. The only criterion is the maximum/minimum value of the bar before the breakout.
More specifically:
EURUSD D1. The number of bars in this pattern is 10:
suggestion:
Attachment download
📎xbarclearclosetrend.mq5 (6.79 KB)
Source: MQL5 #1622
X bar clear closing trend - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
X bar clear closing trend - MetaTrader 5 script | Forex 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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