Trading Trends - Histogram - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Indicator based on Andrew Abraham's "Trading the Trend" article on TASC.
There are many "reincarnations" and renamed versions of this system out there but since the metrics are pretty good, it seems not bad to have one coded exactly as described in the original article. This version is a simple histogram version. Usage is simple and straightforward: the signal is based on color changes.
Attachment download
📎 trading_the_trend_-_histogram.mq5 (8.29 KB)
Source: MQL5 #21993
Trading Trend - Histogram - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Trading Trend - Histogram - 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
- •
- •
- •
- •
- •
- •