CandleStop_System - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Real author : Smash D
The indicator draws candles beyond the candle stop channel. Candlesticks outside the channel limits are color-coded according to trend. Trend candles have a bright fill color and countertrend candles have a dark fill color.
Figure 1. CandleStop_System indicator
Attachment download
📎 candlestop_system.mq5 (18.05 KB)
Source: MQL5 #21488
CandleStop_System - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
CandleStop_System - 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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