Perfect Trend Line - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources - MetaTrader 5 Resources
It can be found online under different names (although mostly the MetaTrader 4 version). It is based on the highs and lows of two different periods. Trends are derived based on these values.
You can use changes in proximity as signals.
Attachment download
📎 ptl.mq5 (7.97 KB)
Source: MQL5 #23142
Perfect Trend Line - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
Perfect Trend Line - MetaTrader 5 Script | Trading Script Download - MT4/MT5 resources are trading script 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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