NxDRangeSwitch - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Real author:
The NxDRangeSwitch indicator is an NRTR moving average located above or below the price chart. In a downtrend, the indicator is above and the color is red; in an uptrend, the indicator is below and the color is green. When the trend changes, a color square of the corresponding color will appear. It can be used to set stop losses.
Figure 1 NxDRangeSwitch indicator light
The indicator was first implemented in MQL4 and published in the code base: mql4.com on September 2, 2010.
Attachment download
📎nxdrangeswitch.mq5 (9.89 KB)
Source: MQL5 #1120
NxDRangeSwitch - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
NxDRangeSwitch - 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.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •
