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Indicators

Price_Channel_Central - indicator for MetaTrader 5

Nikolay Kositsin | English Русский 中文 Español Deutsch 日本語 Português

Views:
2966
Rating:
votes: 23
Published:
2016.02.17 12:23
Updated:
2016.11.22 07:32

Real author:

Yuriy Tokman (YTG)

The Channel indicator.

  • The upper line of the channel — the maximum value of a bar in a specified amount of bars.
  • The lower line of the channel — the minimum value of a bar in a specified amount of bars.
  • The middle line of the channel — the average value of the upper and the lower lines.

The indicator also displays the current channel levels as price labels and the type of the signal for making trading decisions.

Originally this indicator has been written in MQL4 and was first published in the Code Base on 10.09.2015.

Figure 1. The Price_Channel_Central indicator

Figure 1. The Price_Channel_Central indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/14811

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