Phoenix5 - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Real author:
Phoenix5 is a Forex signals indicator that traditionally represents a set of pink and blue dots. This indicator forms its value on the basis of a complete set of technical indicators.
The pink dot is a sell signal and the blue dot is a buy signal. It should be noted that there can be several consecutive single-color points, and positions can be added or reopened with small profits. For the most common currency pairs, it is possible to use dedicated and individually selected indicator input parameters using the indicator's iPrefSettings input variable.
It is difficult to understand what the authors of this indicator were directing when writing the code, but the signal reflecting its formation is logical. If anyone is interested, I made such a replacement in the ContrPhoenix5 indicator!
Figure 1 Phoenix5 indicator
Attachment download
📎 phoenix5.mq5 (12.8 KB)
📎contrphoenix5.mq5 (12.8 KB)
Source: MQL5 #1498
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