METRO - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
This oscillator displays its value taking into account the RSI ( Relative Strength Index ) technical indicator. The RSI indicator is displayed in orange, with the cloud color changing depending on the direction of the trend. Blue is used for buy signals, while magenta is used for sell signals.
The indicator was first implemented in MQL4 and published in the code base on mql4.com on October 18, 2007.
Attachment download
📎 metro.mq5 (9.4 KB)
📎 colormetro.mq5 (8.85 KB)
Source: MQL5 #604
METRO - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resource usage and screening suggestions
METRO - 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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