SilverTrend Indicator For MT5
Table Of Contents:
- SilverTrend Indicator For MT5
- Installing the SilverTrend Indicator For MT5
- Parameters of the SilverTrend Indicator For MT5
- Buffers of the SilverTrend Indicator For MT5
- Main Parts Of The Code
The SilverTrend Indicator For MT5 is a technically sound financial trading tool to have as an analyst because it brings so much value to the actual trading experience - this is not the first trend based indicator of this nature - the earlier iteration was similar - it functioned on a simple premise to give traders buy and sell signals using colored dots displayed on the charts which also comes with message alerts - so when the indicator detects a strong occurrence of a new bearish formation or trend then it will paint a red dot for a sell signal, and paradoxically so with early bullish trend formations - the indicator will paint lime green dots below the price action for buy signals. The newer version of this indicator does not depart completely away from the core functionality of its predecessor - it generates alerts and automatically sends email messages along with Push messages when the color of the indicator changes which are implemented as candlesticks. The candlesticks which are aligned with the trend will be colored brightly then the candlesticks which go against the movement of the underlying trend will be colored in a darker color. There are several input parameters which are subject to configuration by the trader - its up the analyst to derive the most suitable adjustment.
Installing the SilverTrend 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 SilverTrend.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 SilverTrend Indicator For MT5
The SilverTrend Indicator For MT5 has 5 parameters to configure.
input int SSP=9; input int RISK=3; //AB5?5=L @8A:0 input uint NumberofBar=1;//><5@ 10@0 4;O ?>40G8 A83=0;0 input bool SoundON=true; // 07@5H5=85 0;5@B0 input uint NumberofAlerts=2;//
Buffers of the SilverTrend Indicator For MT5
The SilverTrend Indicator For MT5 provides 0 buffers.
Main Parts Of The Code