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LeManSignal - indicator for MetaTrader 5
- Published by:
- Nikolay Kositsin
- Views:
- 7449
- Rating:
- Published:
- 2011.09.28 10:29
- Updated:
- 2016.11.22 07:32
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Real author:
The indicator shows market entry points as colored dots. Signal dots locations can indicate the levels for setting a protective Stop Loss or a new Trailing Stop position.
This indicator was first implemented in MQL4 and published in Code Base at mql4.com 12.08.2009.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/474
The indicator helps to compose a picture of market future movements, in distinct from the other tools that hang behind the market. The information that became available in the course of the previous day is used to calculate the check points of the minor trend of the current day.
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This indicator paints the candlesticks in different colors depending on a trend power and direction.
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