RIND - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
The range indicator compares the daily range (high - low) to the range between days (close - previous close).
The indicator has seven configurable parameters:
MA - Moving average of Range data with smoothing period and Method calculation method
If max - min > 0:
If Close > Previous Close:
Max, Min - the highest and lowest values during the period
Maximum, Minimum - the highest and lowest value of both
Attachment download
📎 rind.mq5 (10.67 KB)
Source: MQL5 #21110
RIND - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
RIND - 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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