Description:

This is the modified version of Position in channel indicator.

The indicator calculates the values, similar to "Williams Percent Range" for 5 different periods. The values are plotted as a histogram. The histogram forms different patterns at different stages of the trend.

Input parameters:

• TMode – mode: 0 - fast, 1 - normal, 2 - slow;
• InpXCoord - the horizontal shift relative to the lower left corner;
• InpYCoord - the vertical shift relative to the lower left corner.

Three sets of periods are used:

• Fast – 30, 15, 10, 8, 6;
• Normal – 60, 30, 20, 15, 12;
• Slow – 120, 60, 40, 30, 24.

Image:

Translated from Russian by MetaQuotes Software Corp.
Original code: http://www.mql5.com/ru/code/890