Beginner - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Real author:
The Beginner Indicator is a very simple custom indicator that uses pink and blue dots next to it to show local peaks and troughs in the chart. It analyzes the highs and lows of a specific period and compares them with the trading range of a currency pair. If peaks/troughs are significant, they are marked with dots.
Input parameters:
Figure 1 Indicators for Beginners
Attachment download
📎 beginner.mq5 (7.16 KB)
Source: MQL5 #1427
Beginner - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
Beginner - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 resources are resources related to Forex indicators. 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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