BrainTrend2Stop - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
BrainTrend2Stop is a trend reversal detection indicator that displays through stop loss lines. The intersection of the lines indicates the time when the trend reverses and the previously opened position is closed. The BrainTrend2Sig algorithm is based on the following processing of decayed total reflection and stochastic oscillator indicator information.
In this indicator, I extracted all controllable algorithm variables into the input parameters of the indicator, so it now works not only with the default settings.
The blue line below the candlestick minimum indicates two things:
The red line above the candlestick's maximum indicates two things:
Attachment download
📎 braintrend2stop.mq5 (23.1 KB)
Source: MQL5 #396
BrainTrend2Stop - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
BrainTrend2Stop - 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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