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- 2017.11.03 11:31
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Real author: EarnForex
A channel based on peaks and troughs of the ZigZagOnParabolic indicator.
Fig. 1. The ZigZagOnParabolic_channel indicator
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/18752

Buy a security (open BUY positions) at a lower price, sell (open SELL positions) at a higher price.

The Paramon indicator with a color filling of the channel.

A semaphore signal indicator.

If a trade is closed by Stop loss, the volume is doubled; if by Take profit the minimum volume is used. OnTradeTransaction is used to determine whether a trade was performed after the activation of Stop loss or Take profit.