Trix Pivot - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The TriX Oscillator is a great trend indicator that comes as a built-in indicator in Metatrader.
This release adds pivot calculations for such TRiX. The pivot is calculated based on the TRiXitself and you have 4 possible types of display:
The selected time range is used only for the pivot (i.e. the time range is used as a "separator" for the pivot). TRiX is always calculated based on the current time frame
You can use it as recommended by TRiX
Attachment download
📎 trix_upivots2.mq5 (21.19 KB)
Source: MQL5 #24674
Trix Pivot - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Trix pivot - 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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