MinPriceChange - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
It is based on the idea of flat and trend movement changes. In other words, MinPriceChange is another indicator that signals when price is moving for a period of time and is expected to continue or reverse. The calculation algorithm is as follows:
It should be noted that the idea of creating this indicator was also "inspired" by: Smart VLT indicator. Well, maybe that's what they have in common. It compares the current calculated value with the minimum of the previously calculated value. In my opinion, this idea is quite good, it allows to connect not to any other value specified by the trader, but to a certain value determined by the market.
suggestion:
Attachment download
📎 minpricechange.mq5 (5.25 KB)
Source: MQL5 #1582
MinPriceChange - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
MinPriceChange - 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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