Trends - MetaTrader 5 Script | Forex Indicator Downloads - MT4/MT5 Resources - MetaTrader 5 Resources
Real author:
Trend indicator drawn as a colored cloud. The color of the cloud corresponds to the trend direction, and its width corresponds to the trend strength. This indicator is plotted against three technical indicators: iBearsPower, iBullsPower and Bollinger Bands®.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on October 18, 2007.
Figure 1 Trend indicator
Attachment download
📎 trend.mq5 (6.77 KB)
Source: MQL5 #1486
Trend - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Trend - 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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