Super Trend - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Ultra Trend is one of the well-known indicators currently produced for MetaTrader 5.
The calculation of Ultra Trend is simple:
Although at first glance it may appear that such an indicator would lag a lot, this is not the case and it is quite useful for trend determination.
Attachment download
📎 ultra_trend.mq5 (13.54 KB)
Source: MQL5 #20619
Super Trend - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Super 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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