TRIX Candles - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
The indicator uses 4 TRiX (Triple Exponential Moving Average Oscillator) values: open, close, high and low to build the candlestick chart of the indicator. This produces fairly smooth results (not surprising since TRix itself is smooth) and appears to be usable in trading.
You can use color changes as signals.
Attachment download
📎 trix_candles.mq5 (8.15 KB)
Source: MQL5 #23095
TRIX Candles - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
TRIX Candles - 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.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •