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- 12443
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- Published:
- 2013.08.17 20:33
- Updated:
- 2016.11.22 07:32
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Real author:
Alexander Elder
The indicator is based on the trading system "Elder's Triple Screen": we have 3 timeframes (windows) 1 - the highest, 2 - medium, 3 - the lowest or the current one. To avoid errors, it is not recommended to change their positions. The algorithm is based on a very simple principle: if MA grows on the specified timeframes (windows) - buy, if falls - sell.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/1797
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Another version of the indicator that calculates support/resistance levels.
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