Buy and Sell - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
This indicator shows the "final support/resistance" levels of the current trend. Trend changes are shown with colored rectangles and trend directions are shown with colored dots. The direction of the trend is dynamically determined by the moving average , support/resistance levels are determined by the current volatility and the Average True Range (ATR) indicator is calculated using the following formula.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on April 26, 2008.
buy sell indicator
Attachment download
📎 buysell.mq5 (7.95 KB)
Source: MQL5 #785
Buy and sell - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
Buy and sell - 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. Focus on 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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