The indicator is created by the book of Larry Williams “Long-term secrets to short-term trading”. But instead of identifying a trend by reversal points, there is added the trend Moving Average located on the zero line to define the direction of deals. For clarity the indicator is replaced to a separate window and the price is normalized by the trend MA. The meaning is in the following:
- МА trend is calculated and also МА drawn on high prices and МА drawn on low prices (the last two with a period of 3)
- trade only in the trend direction
- buy on МА drawn on low prices, close on МА drawn on high prices, sell on МА drawn on high prices, close on МА drawn on low prices.
MT5 Indicator – Download Instructions
BarsMaxMinSystem is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.
BarsMaxMinSystem provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install BarsMaxMinSystem.mq5?
- Download BarsMaxMinSystem.mq5
- Copy BarsMaxMinSystem.mq5 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on BarsMaxMinSystem.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator BarsMaxMinSystem.mq5 is available on your Chart
How to remove BarsMaxMinSystem.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Click here below to download MT5 Indicator: