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rchannel.mq5 (8.11 KB) view

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Real author:

Gosha Shmel

A channel drawn by intraday extrema.

Originally this indicator has been written in MQL4 and was first published in the Code Base at mql4.com on 21.09.2007.

Figure 1. The RChannel indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/2222

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RChannel - indicator for MetaTrader 5