BarsMaxMinSystem - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
This indicator was created from the book "Long-Term Secrets of Short-Term Trading" by Larry Williams. But instead of identifying trends through reversal points, a trending moving average at the zero line is added to define the trading direction. For clarity, the indicator is replaced with a separate window and the price is normalized by the trend MA. Its meaning is as follows:
suggestion:
Attachment download
📎 barsmaxminsystem.mq5 (6.6 KB)
Source: MQL5 #1111
BarsMaxMinSystem - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
BarsMaxMinSystem - 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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