Kagi - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources - MetaTrader 5 Resources
Kagi charts are usually drawn based on closing prices, taking neither time frame nor trading volume into account. The idea is that if the market continues to move in the direction of the current Kagi Line, the line will extend, and if the price moves in the opposite direction beyond the set minimum reversal value, the line will be drawn in the opposite direction. If the previous minimum (maximum) is exceeded in the rollback, the line changes color, indicating a reversal.
suggestion:
Attachment download
📎 kagi.mq5 (8.66 KB)
Source: MQL5 #1300
Kagi - MetaTrader 5 script | Trading script download - MT4/MT5 resource usage and screening suggestions
Kagi - MetaTrader 5 script | Trading script download - MT4/MT5 resources are trading script 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. Focus on 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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