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XFisher_org_v2_Candle - MetaTrader 5 Script - MT4/MT5 Resources

author EAcpu | 3 reads | 0 comments |

XFisher_org_v2_Candle - indicator for MetaTrader 5

Trend Labs Ltd.

The indicator XFisher_org_v1_Candle highlights candles with closing prices within the overbought/oversold zones.

The indicator uses classes of the library SmoothAlgorithms.mqh (copied to \MQL5\Include). The use of intermediate calculated average price series without additional buffers for these classes is described in detail in the article.

XFisher_org_v2_Candle - indicator for MetaTrader 5

Figure 1. Indicator XFisher_org_v2


Attachment download

📎 SmoothAlgorithms.mqh (130.2 KB)

📎 XFisher_org_v2_Candle.mq5 (23.65 KB)

Source: MQL5 #22849

XFisher_org_v2_Candle - MetaTrader 5 script usage and filtering suggestions

XFisher_org_v2_Candle - MetaTrader 5 script is a resource related to Forex indicators. 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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