Blau_Candlestick_Index - MetaTrader 5 Script - MT4/MT5 Resource
The William Blau Candlestick Index indicator shows the William Blau Candlestick Index.
It has seven input parameters:
CSI =100 * EMA(EMA(EMA(Candlestick Momentum (Period)))) / EMA(EMA(EMA(HH - LL))))
Attachment download
📎 blau_candlestick_index.mq5 (16.98 KB)
Source: MQL5 #20507
Blau_Candlestick_Index - MetaTrader 5 script usage and filtering suggestions
Blau_Candlestick_Index - MetaTrader 5 script is a resource related to Forex indicators. 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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