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Indicators

Mikahekin_System - indicator for MetaTrader 5

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Views:
460
Rating:
votes: 17
Published:
2017.11.03 11:56

The indicator implements a breakout system using the Mikahekin indicator channel.

When price exits the gray channel, the candlestick color changes to the color corresponding to trend direction. Blue for the growth of a financial asset, yellow color for its fall. Bright colors denote coincidence of trend direction and direction of a candlestick. Dark colors correspond to the situation when the direction of a candlestick is opposite to trend.

Fig. 1. Mikahekin_System

Fig. 1. Mikahekin_System

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/18820

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