MaxMinRange - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The given indicator shows the price maxima (high and low values of a specific candlestick) of the growth and fall of a financial asset. In practice, we have two indicators. One indicator represents asset growth and is above zero, the other represents asset decline and is below zero. To assess the current situation, both indicators need to be analyzed simultaneously.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on October 29, 2007.
Figure 1 MaxMinRange indicator
Attachment download
📎 maxminrange.mq5 (7.06 KB)
Source: MQL5 #1477
MaxMinRange - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
MaxMinRange - 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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