The20sv0.20 - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Real author:
Semaphore trend signal indicator. The indicator uses in the calculation of the current bar the size of the candlestick of the previous bar and the maximum deviation of the high and low prices of this candlestick, the distance is defined in relative units by the value of the indicator input parameter.
Enter double stop loss = 0.20 ; // trigger level
Use input variables to define the moment at which one of the two calculation algorithms is triggered:
input boolean change = false ;
The indicator was first implemented in MQL4 and published in the code base of mql4.com on September 28, 2007.
Figure 1 The20sv0.20 indicator
Attachment download
📎 the20sv0i20.mq5 (7.25 KB)
Source: MQL5 #1612
The20sv0.20 - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
The20sv0.20 - 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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