Self-Advancing Decline Line - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
According to the description here: Advance and Decline Line This indicator calculates the advance and decline of the symbol to which it is applied (instead of calculating some other instruments, which is why "self" appears in the name. It seems to be useful in the "self" form as well
You can use color changes as signals
Attachment download
📎 self_advance_decline_line.mq5 (4.84 KB)
Source: MQL5 #23946
Self-advancing falling line - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resource usage and screening suggestions
Self-advancing falling line - 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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