iTrend - MetaTrader 5 Script - MQL5 #16990 - MT4/MT5 Resources
The famous iTrend indicator made for MetaTrader5
To extend it (besides letting it use the visualization tools now provided by MetaTrader 5), it is:
As a deviation from the broad version, this version has adjustable levels for determining trend changes (and continuations), which can be set to the desired extreme lookback period and value. Once this level is broken, the trend will remain as long as values in the opposite direction do not break this level
Attachment download
📎 itrend.mq5 (33.81 KB)
Source: MQL5 #16990
iTrend - MetaTrader 5 Script - MQL5 #16990 Usage and Filtering Advice
iTrend - MetaTrader 5 Script - MQL5 #16990 is a resource related to foreign exchange 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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