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Indicators

Daily Channel - indicator for MetaTrader 4

Xuefei Xiong | English 中文
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21823
Rating:
(12)
Published:
Updated:
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Simple display any time zone daily channel.

Input parameters:

  • LocalTimeZone — Local TimeZone
  • DailyTimeZone — Daily TimeZone

    Default UTC-5 East USA

  • DailyPeriodColor — Daily Period Color
  • DailyPeriodStyle — Daily Period Style

Color Setting:

  • High Price Style
  • Low Price Style
  • Middle Price Style

Instructions:

  • Best use the indicator on max 1 Hour

  • Enable Show period separators

Daily Channel In XAUUSDPro H1 Time Zone: UTC-5 East USA

Daily Channel UTC-5 XAUUSDPro H1

Translated from Chinese by MetaQuotes Ltd.
Original code: https://www.mql5.com/zh/code/15060

Strength Arrow Strength Arrow

This is an indicator which totally based on RSI. The reason to amend this indicator is knowing the strength of a currency.

Pending Order Pending Order

Pending Order is an order that will be executed if the price touches a point that we specify, in other words open pending order means ordering to open a position at a certain price level. So if price hits a predetermined level, then automatically we have an open trading positions.

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The Expert Advisor simply opens orders in the opposite direction after the current order is closed.

Trading Comments Trading Comments

Commentary on behalf of Exponential Moving Average.