WRB - MetaTrader 5 Script - MQL5 #21404 | Forex Indicator Download - MT4/MT5 Resources
"Wide Range Bodies" displays candles with body sizes larger than the previous three candle bodies (configurable).
The indicator shows three types of WRBs:
The indicator has a customizable parameter:
The sequence of N bullish candles consists of a green WRB candle with a signal label on the lowest price
Sequence of N bearish candles consisting of red WRB candles with signal labels on the high price
The sequence of N candles in opposite directions is represented by the signal label on the lowest price of the blue WRB candle.
The sequence of N candles in opposite directions is represented by the signal label on the high price of the orange WRB candle.
Attachment download
📎 wrb.mq5 (10.48 KB)
Source: MQL5 #21404
WRB - MetaTrader 5 Script - MQL5 #21404 | Foreign Exchange Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
WRB - MetaTrader 5 Script - MQL5 #21404 | 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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