Demark Line - MetaTrader 4 Script | Trading Script Download - MT4/MT5 Resources - MetaTrader 5 Resources
My version of drawing the Demark lines also draws the channel in addition to the trend line and target. One more target was added (the third target is defined as 1.62 of the inner extreme), signal cancellation on a close within the channel was added.
The description of the parameters is in the code, if you are interested, you can take a look.
Attachment download
📎 Demark.mq4 (12.29 KB)
Source: MQL5 #7364
Demark Line - MetaTrader 4 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
Demark Line - MetaTrader 4 Script | Trading Script Download - MT4/MT5 resources are trading script 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 on titles or short-term profit descriptions.
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