TriggerLines - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The TriggerLines trend indicator plots two moving average lines colored according to the direction of the trend:
The indicator has three input parameters:
WT = 6.0 *Sum/K Signal = EMA(WT, smoothed)
Where:
sum = sum of the period range (LV * application price) LV = (period + 1)/3 K = period* (period+1)
Attachment download
📎 triggerlines.mq5 (11.01 KB)
Source: MQL5 #21698
TriggerLines - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
TriggerLines - 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
- •
- •
- •
- •
- •
- •