2MoHLC - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Real author:
The two lines are channel averages created from the highs and lows of different periods, shown as clouds. Two indicator buffers and two indicator lines have been added to the 2MoHLC_ indicator to draw the indicator visually.
The indicator was first implemented in MQL4 and published in the code base on mql4.com on June 24, 2010.
Figure 1 2MoHLC indicators
Attachment download
📎 2mohlc.mq5 (5.06 KB)
📎 2mohlc_.mq5 (7.33 KB)
Source: MQL5 #1153
2MoHLC - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
2MoHLC - 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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