TrendPower - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Real author:
The trend indicator is based on a comparison of the highs and lows of six simple moving average levels of 10, 20, 30, 40, 50 and 60 periods of the current candlestick.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on October 10, 2007.
Figure 1 TrendPower indicator
Attachment download
📎 trendpower.mq5 (12.2 KB)
Source: MQL5 #1534
TrendPower - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
TrendPower - 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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