No Shaded Arrow - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
This indicator looks for bars without one or two shadows. DRAW_ARROW drawing style.
Two indicator buffers are used - one indicates the absence of an upper shadow, and the second indicates the absence of a lower shadow. Both plotting styles apply the same label ( symbol code parameter for plotting shading ) with different colors. Tag code can be found here:
- MetaEditor - MQL5 Reference - Search for "Wingdings"
- On the website: Wings
Label shifts are moved within the arrow range.
Attachment download
📎 without_shadow_arrow.mq5 (7.97 KB)
Source: MQL5 #22246
No shaded arrow - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
No shaded arrow - MetaTrader 5 script | Forex indicator download - MT4/MT5 resources are resources 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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