DHLPBO - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
DHLPBO indicator (dynamic high/low percentage bands overlay). Unlike DHBO , which displays two bands calculated based on the highs/lows of the range, this indicator continuously narrows the channel width by a certain percentage throughout the range.
It has two input parameters:
Rising Band = Max-(Max-Min) * (MaxIndex) * Extension/100.0 Dn band = Min+(Max-Min) * (MinIndex) * Extension/100.0
Where:
Attachment download
📎dhlpbo.mq5 (9.4 KB)
Source: MQL5 #21715
DHLPBO - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
DHLPBO - 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.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •