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Indicators

channel_breakout_entry - indicator for MetaTrader 5

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Views:
4309
Rating:
votes: 17
Published:
2013.01.23 15:54
Updated:
2016.11.22 07:32

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

Fig.1 The channel_breakout_entry indicator 

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1451

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