PFE2 - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Real author:
Unknown author
The smoothing oscillator is performed in the form of a color histogram. It is a great pity that the author of this shrewd indicator did not leave any comments on the details of his device. This indicator gives a good indication of the current trend. To work successfully, the only input parameter must have a minimum value.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on November 2, 2007. In this version of the indicator I corrected a serious flaw of the algorithm. In fact, he foresaw the future and made his own history. The only correct solution is to transform this ability into its opposite and police the past.
Figure 1 PFE2 indicator
Attachment download
📎 pfe2.mq5 (7.42 KB)
Source: MQL5 #1502
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