i4 golden lion trend
Info
The i4 golden lion trend is a Indicator for MetaTrader 5 that a trend strength indicator using two bollinger channels. when the price moves beyond the borders of the second (larger) channel, the color of the bars becomes brighter.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use i4 golden lion trend
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
a trend strength indicator using two bollinger channels.
Typical Use Case
This Indicator excels in trend following on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: supertrend - another powerful indicator for MetaTrader 5 traders.
a trend strength indicator using two bollinger channels. when the price moves beyond the borders of the second (larger) channel, the color of the bars becomes brighter. when the price moves beyond the borders of the first (smaller) channel, the color of the bars becomes darker. when the price is inside the smaller channel, there are no colored bars.
Also recommended: forex profit boost 2nb sign - similar indicator with strong performance on MetaTrader 5.
originally this indicator was written in mql4 and was first published in the on 28.01.2006.fig. 1. the i4_goldenliontrend_v3 indicator
You may also like: cronex chaikin signal - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.