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Indicators

ChannelsFIBO_v2 - indicator for MetaTrader 4

Ihor Herasko | English Русский 日本語
Views:
17525
Rating:
(16)
Published:
2016.03.07 11:29
Download as ZIP, How to download code from MetaEditor
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The extended version of the ChannelsFIBO indicator which implements the selection of the reference distance (the distance considered 100% of the channel width at each individual bar):

  1. By the maximum shift of the price from the moving average.
  2. By the average shift of the price from the moving average.
  3. By the median shift of the price from the moving average.
  4. By the standard deviation (SD) of the price from the moving average.


For example, when selecting reference distance "By SD", the channel will look the following way:

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/14749

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