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MetaTrader 5 Indicator | Elders Safe Zone

The author of the idea: Scriptor, the author of the MQL5 code: barabashkakvn.

The indicator shows the so-called safe zone, which is calculated using the High, Low and Close prices, and the Moving Average indicator.

MetaTrader Experts, Indicators, Scripts and Libraries

It is recommended to perform trades when the indicator is positioned horizontally:

  • If the price is above the horizontal segment of the indicator, open a BUY position;
  • If the price is below the horizontal segment of the indicator, open a SELL position.
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