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Metatrader 5 Indicators | Three Screen Elder Arrows | Free Download

Fresh MQL5 code release – perfect for enhancing your MT4/MT5 strategies.

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.

Trade Renko charts automatically using the advanced Renko Expert Advisors. Clean trends, better entries. Discover them here.

Figure 1. The indicator

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Best MetaTrader Indicators + Profitable Expert Advisors