Milky Way MT5

MilkyWay indicator calculates and draws a blue or red ribbon, indicating a trend or a filter.

Do not enter the market if the price moves inside tape.

If you see the blue trend and the current price of the blue ribbon, open a long position.

If you see a red trend and the current price under the red ribbon to open short positions.

Only one input parameter: nBars = 500; - the number of bars on which the tape appears.