Daily Trend ZCOMForex - MetaTrader 4 Script | Forex Indicators Download - MT4/MT5 Resources
A very useful indicator that shows the trend of 4 currency pairs on a chart. For more information and Forex trading, please visit ZCOM Forex .
You will be able to select 4 currency pairs to display daily trends.
Trends are determined by the following indicators:
Smoothed moving average (100) for H1 chart;
Smoothed moving average (50) for H1 chart;
Stochastic indicator (30,1,3) for H4 chart.
When SMA(50) < SMA(100) and Stochastic is below the 50 level, the trend is down. When SMA(50) > SMA(100) and Stochastic is above the 50 level, the trend is up. A flat trade is determined when SMA(50) > SMA(100) and the Stochastic is below the 50 level, and vice versa.
For more information and Forex trading, please visit ZCOM Forex .
Attachment download
📎 ZCOMForex_daily_trend.mq4 (12.21 KB)
Source: MQL5 #10064
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