MA_NRTR - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The indicator uses channels generated based on common moving averages. The chart only shows the portion of the channel where the breakout occurred and is used as an indicator of the current trend. The moment when a trade was executed is shown as a colored circle with an appropriately colored dot.
The indicator was first implemented in MQL4 and published in the code base: mql4.com June 18, 2012 (in Russian).
Attachment download
📎 ma_nrtr.mq5 (10.94 KB)
Source: MQL5 #967
MA_NRTR - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
MA_NRTR - 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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