Hi guys, I have been using this indicator on a demo account (attached bellow), with some success. It basically acts as a main trend filter by changing the colours of the candles to either red or green based on what a higher time frame trend is doing, you can specify what time frame you want the indicator to look at, I am trading off a 30 min chart and have set the indicator to watch the 4 hour trend. So far so good, its working well in my system.
My question is this, can anyone please (who knows MQ4) look at the code and tell me exactly how this indicator works? I cannot find any documentation online and it seems a bit silly of me to use an indicator on a live account and not know how it really works, despite the fact it is giving me some positive results on a demo account.
Thanks to anyone who can help me.
My question is this, can anyone please (who knows MQ4) look at the code and tell me exactly how this indicator works? I cannot find any documentation online and it seems a bit silly of me to use an indicator on a live account and not know how it really works, despite the fact it is giving me some positive results on a demo account.
Thanks to anyone who can help me.
Attached File(s)
SimpleBars matf nmc.mq4
6 KB
|
435 downloads
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