Author: Ramdass
If you're on the lookout for a straightforward way to spot new trends, the BykovTrend indicator for MetaTrader 5 might just be what you need. This handy tool uses colored arrows on your charts to clearly indicate when a trend is emerging. It generates its signals based on the Williams' Percent Range (WPR), which is a popular momentum indicator among traders.
Originally developed in MQL4, this indicator has been around since September 28, 2007, and you can find it in the Code Base at mql4.com. It’s a classic tool that has stood the test of time!
Comments 0