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?
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/10882
Limited distance between the upper and lower donchian line.GreedyPigAnalyzerIndicator
Indicator to save screen shots of your charts at regular intervals, based off the timeframe of a chart. Great for analyzing combinations of indicators, Price Action, and multiple timeframes.