FigurelliSeries - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Real author:
Rogelio Figli
This indicator allows defining the direction of the trend. The indicator displays trend strength in the form of histogram bars in the lower window. If the bar is above the zero line, it means the market is trending upward. If the bar is below the level, it is a downtrend.
Figure 1 FigurelliSeries indicator
Attachment download
📎 figurelliseries.mq5 (6.62 KB)
Source: MQL5 #1608
FigurelliSeries - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
FigurelliSeries - 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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