Frama - Floating Levels - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
The original version of this indicator is published with detailed description here: Flama . In this release, we've added a feature you might want to make frame indicators easier to use: float levels. This way we can determine the trend without trying to use the slope of the frame (which can lead to a lot of false signals, especially if the chosen price is used using fractal estimation methods). The default method of color change is the cross of the outer levels, which is recommended if you plan to use the indicator in "Trend" mode
You can use color changes as signals in this indicator
Attachment download
📎 frama_1fl4.mq5 (19.2 KB)
Source: MQL5 #23517
Frama - Floating Level - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Frama - Floating Level - 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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