HLC Trend Confirmation Indicator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The HLC trend indicator is a confirmation indicator whose subtype is a two-line crossover.
Buy signal: The long line (white) crosses the short line (red) and closes above.
Sell signal: The short line (red) crosses the long line (white) and closes above.
The inputs are MA method, high MA period, low MA period and closing MA period. This indicator is typically used with exponential moving averages, but can also be used with different MA methods.
Attachment download
📎 cf_hlctrend.mq5 (4.86 KB)
Source: MQL5 #41312
HLC Trend Confirmation Indicator - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
HLC Trend Confirmation Indicator - 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.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •
