Doji_Arrows Indicator For MT5
Table Of Contents:
- Doji_Arrows Indicator For MT5
- Installing the Doji_Arrows Indicator For MT5
- Parameters of the Doji_Arrows Indicator For MT5
- Buffers of the Doji_Arrows Indicator For MT5
- Main Parts Of The Code
The Doji_Arrows Indicator For MT5 is a very handy technical trading tool to have as a trader because what this trading tool does is that it helps traders to identify Doji candlesticks within the markets and then highlight them on the respective charts - the candlesticks with a trend are colored using a bright color and the other ones are colored using a darker color to signify that it is going against the current trend. Doji candlestick patterns are insightful candlestick patterns which basically have opening prices which are almost equal to the closing prices of each candlestick and therefore it gives off a cross-like shape - this technical price action candlestick pattern is handy to use because it simply signifies neutrality however the market context in which it is found may give compelling insight into which way the market might trend in following its formation hence this indicator was created. However, most of the time it just indicates a hint of a possible market reversal however the market makers form this pattern as a form of a resting zone prior to a new trend being formed because when a Doji is formed the market maker need not have to commit huge vlumes of funds to activate final stop hunts.
Installing the Doji_Arrows Indicator For MT5
After you downloaded the indicator via the form above you need to unzip the zip-file. Then you need to copy the file Doji_Arrows.mq5 into the folder MQL5\Indicators of your MT5 installation. After that please restart MT5 and then you will be able to see the indicator in the list of indicators.
Parameters of the Doji_Arrows Indicator For MT5
The Doji_Arrows Indicator For MT5 has 0 parameters to configure.
Buffers of the Doji_Arrows Indicator For MT5
The Doji_Arrows Indicator For MT5 provides 0 buffers.
Main Parts Of The Code