Channels - indicator for MetaTrader 4

The indicator automatically finds linear channels using all timeframes.

During the first launch the indicator is most likely to notify of the absence of history data, because it needs 400 (default value) bars of each time period. In this case, switch to another time interval and switch back or restart the indicator.

If you click on the chart and press Ctrl, the channel will be redrawn based on the position of the mouse pointer.

extern int     StartBar    =  0;         // from what point the data analysis begins, 0 - from the current one.
extern int     BarAnalys   =  400;       // the number of bars for analysis in each period. Not more than 2000!
extern double  k_width     =  4;         // channel width factor
extern int     accuracy    =  50;        // accuracy of modeling 1-no accuracy, if BarAnalys-max. accuracy. The higher the accuracy, the slower the indicator
extern double  Filter      =  0.55;      // filter the depth of forming a new channel, it is advisable to use the range 0.382-0.618
extern double  MinWidth    =  0;         // the minimum average weighted channel width in points, (with smaller width channels will not be formed)
extern double  MaxWidth    =  10000;     // the maximum average weighted channel width in points, (with a wider width channels will not be formed)
extern bool    Ray         =  true;      // a sign of continuation of the channel; true - ray, false - segment
extern bool    MaxMin      =  true;      // To build a channel taking into account extreme extremes?
                                         // -true - Yes. For the construction to pass through extreme extremes, the width coefficient k_width should be large, for example 100
                                         // -false - No. In this case, the upper and lower boundary of the channel is equidistant from the central axis of the channel (the center of the "mass")
extern bool    color_fill  =  true;      // Fill channels?