AlterTrend - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Actual author : Oleg VS
This indicator colors candlesticks according to the trend direction.
Candlesticks in the direction of the signal are bright; colors in the opposite direction are black. Flat candlesticks have no color.
Figure 1. AlterTrend indicator
Attachment download
📎 altertrend.mq5 (14.23 KB)
Source: MQL5 #21766
AlterTrend - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
AlterTrend - 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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