LeMan Target - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
This indicator calculates the distance from the entry price to the high and low points showing quartile deviation.
These lines help define price movement targets starting from the bar's opening price. The author recommends using this indicator on no less than a daily time frame.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on January 13, 2011.
Attachment download
📎 objective.mq5 (8.84 KB)
Source: MQL5 #695
LeMan Target - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
LeMan Target - 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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