Double Differentiator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
John Ehlers has produced yet another indicator designed to measure market cycles/periods. He calls it a “double differentiator.” Without too much explanation, that’s it. It is not a directional indicator. It shows us whether the underlying market is in change mode (value is falling) or trend mode (value is rising)
It can be used as a momentum indicator as well as a way to adapt other indicators
Attachment download
📎dual_differentiator.mq5 (12.27 KB)
Source: MQL5 #24220
Double Differentiator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Double differentiator - 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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