Expert Advisors • Indicators • Scripts • Libraries

MQL.RobotFX.org is the biggest collection of MetaTrader expert advisors (MT5 & MT4), indicators, scripts and libraries that can be used to improve trading results, minimize risks or simply automate trading tasks

MetaTrader 4 Indicator | Movment

The indicator paints bars in different colors depending on the direction of the price movement (red - up, blue - down).

The direction is determined according to the price movement by the amount of points specified in the 'Points' variable. During a movement in the opposite direction the saturation of the color is reduced according to the rollback value. Apart from the main color, there are three additional color gradations: at a rollback of 1/4 of the 'Points' value, 1/2 and 3/4. A rollback to a 'Points' value means a change in the price movement direction, in this case the indicator is painted to th main color of the opposite direction.

MetaTrader Experts, Indicators, Scripts and Libraries

Movment

7099

Best MetaTrader Indicators + Profitable Expert Advisors