Chasing Trends 1.0 - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
The indicator uses the deviation of its previous value from the price in its calculation. The starting point is therefore the first price value in history. This indicator can be considered to be attuned to market fluctuations as it reacts to sharp price changes.
Enter an integer period = 10 ; //--define the acceleration of the indicator line approaching the price Input boolean use limit = false ; //-- enables and disables the limit mode "Tumbler" //-- it is possible to limit the maximum change of the indicator value Enter double the usage limit = 0.00005 ; //-- the value of the indicator can be changed
Attachment download
📎 chase_the_trend_v1.mq5 (5.29 KB)
Source: MQL5 #1291
Chasing Trend 1.0 - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Chasing Trend 1.0 - 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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