BvsB - MetaTrader 5 Script - MQL5 #1004 | Forex Indicator Download - MT4/MT5 Resources
This indicator was developed for trading on trends. The position is opened at the intersection of the two lines. The steady convergence of the lines indicates that the trend is weakening.
This indicator combines the Bear Power indicator and the Bull power indicator with one of the indicators inverted.
Reference MA parameters can be changed.
MQL4 version (Russian):
https://www.mql5.com/ru/code/10660
Attachment download
📎 bvsb.mq5 (3.22 KB)
Source: MQL5 #1004
BvsB - MetaTrader 5 Script - MQL5 #1004 | Foreign Exchange Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
BvsB - MetaTrader 5 Script - MQL5 #1004 | 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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