Elders_Safe_Zone_Triple - MetaTrader 5 Script - MT4/MT5 Resource
Elder's safety zone triple indicator is Alexander Elder's safety zone. Unlike the Senior Safe Zone , the indicator can display three different lines of settings. The indicator calculates the minimum stop size so that it is not far from the price that maintains profits, but not too close to the price so that noise does not interfere with the stop position prematurely.
The indicator has nine adjustable parameters:
Attachment download
📎 elders_safe_zone_triple.mq5 (16.76 KB)
Source: MQL5 #22930
Elders_Safe_Zone_Triple - MetaTrader 5 script usage and filtering suggestions
Elders_Safe_Zone_Triple - MetaTrader 5 script is a resource related to Forex indicators. 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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