Prevailing_Trend - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The Main Trend Oscillator displays the main trend into two components - bullish and bearish, which are represented by two indicator lines: the bullish component goes up and the bearish component goes down. If the bullish line is higher than the bearish line, the market trend is bullish and vice versa.
This indicator has two input parameters:
Up = Moving average of bullish candlesticks over a period Down = Moving average of bearish candlesticks over a period
Attachment download
📎 prevailing_trend.mq5 (13.69 KB)
Source: MQL5 #20378
Prevailing_Trend - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
Prevailing_Trend - 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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