Perfect Trend Line 2 - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
This is a variation of the well-known Perfect Trend Line indicator (one version of which can be found here PTL )
This version adds a signal filtering feature that helps clean up some erroneous signals present in the original version.
As usual: It is recommended to do some experimentation with the parameters before using them in real trading. The default values of the parameters have been changed compared to the original ones (to reflect a more "stylish" working), but anyway please check these parameters to adjust them to your own trading style and trading needs
Attachment download
📎 ptl_52j.mq5 (11.7 KB)
Source: MQL5 #27510
Perfect Trend Line 2 - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Perfect Trend Line 2 - 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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