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Published:

2013.10.22 09:10

Updated:

2016.11.22 07:32

pctrend.mq5 (4.68 KB) view

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Trend indicator, based on crossover of pivot level and its median.

Pivot Level is calculated by formula:

PL=(MAX+MIN+CLOSE)/3

where:

PL - Pivot level;
MAX - maximum price (n bars);
MIN - minimum price (n bars);
CLOSE - close price.

Price_Channel_Trend indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/1909

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Price_Channel_Trend - indicator for MetaTrader 5