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Price_Channel_Trend - indicator for MetaTrader 5

votes: 24
2013.10.22 09:10
2016.11.22 07:32

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

Pivot Level is calculated by formula:



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

Price_Channel_Trend indicator

Price_Channel_Trend indicator

Translated from Russian by MetaQuotes Software Corp.
Original code:

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