UpDownBars - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources
The indicator calculates rising bars (open-open) and falling bars (open-close).
n = rising bar (closing > opening, first bar = 1, last bar = n)
m = Downward bar (closing price < opening price)
My point is, oscillators - use it to filter entries, when UpDownBars is above 0, only go short; when UpDownBars is below 0, only go long.
Attachment download
📎 updownbars.mq4 (2.94 KB)
Source: MQL5 #10559
UpDownBars - MetaTrader 4 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
UpDownBars - MetaTrader 4 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.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •