BrainTrend1 - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
BrainTrend1 is a market direction indicator.
It indicates the direction of the trend in color. Candlesticks appear blue when the price changes or remains in an upward trend. Candlesticks appear red when the price changes or is in a downtrend. If the price changes direction or the trend is unstable, the candlesticks will not be colored.
BrainTrend1 can be used on any time frame. Its algorithm is based on the attenuated total reflection and stochastic oscillator indicators. In this version, the values of all algorithm variables are designed as input parameters of the indicator and therefore can now be used with custom settings.
Attachment download
📎 braintrend1.mq5 (7.25 KB)
Source: MQL5 #391
BrainTrend1 - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
BrainTrend1 - 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 only on titles or short-term profit descriptions.
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