Reflection - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
background:
In this issue of "Reflex: A New Zero-Lag Indicator," author John Ehlers introduces a new averaging indicator he designed to reduce lag in the mind. According to the author, this new indicator can generate signals more timely than other indicators with calculated lag.
It is a momentum-like indicator and should be used as such. The default settings are quite long - as usual some experimentation with parameters should be done before using them for trading decisions
Attachment download
📎 reflex.mq5 (8.7 KB)
Source: MQL5 #28142
Reflection - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Reflection - 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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