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channel_breakout_entry - indicator for MetaTrader 5
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- 8278
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- Published:
- 2013.01.23 15:54
- Updated:
- 2016.11.22 07:32
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The real author:
darmasdt
The market volatility indicator. It calculates stop loss and draws price channel. According to the instructions the red line shows where to place stop loss when opening a new order in this place.
This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 19.10.2007.
Fig.1 The channel_breakout_entry indicator
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/1451
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