MorningFlat - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
The indicator shows the "morning flat" levels (red and blue lines) and shows possible targets (green and pink lines). This indicator is created based on early breakouts based on the theme's "motivation". Please note that due to the specific definition of the time interval, this indicator works for time frames no higher than H1!
The indicator was first implemented in MQL4 and published in the code base of mql4.com on June 20, 2009.
Figure 1 MorningFlat indicator
Attachment download
📎 morningflat.mq5 (15.33 KB)
Source: MQL5 #1644
MorningFlat - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
MorningFlat - 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 on titles or short-term profit descriptions.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •