Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Indicators

Position in channel - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

Views:
5724
Rating:
votes: 20
Published:
2010.09.24 13:23
Updated:
2016.11.22 07:32

The indicator shows the position of the current price in a channel.

First it determines the channel boundaries. The upper boundary is defined as the maximal value of High[], the lower boundary is determined from the minimal values of Low[]. If the current value of Close[0] is located in the middle of the channel, its value is equal to 0. The price position is determined relative to the upper (from 0 to 10) and lower (from 0 to -10) channel boundaries.

Input parameters:

  • Period - number of bars, used in calculation of the channel.
  • X Coordinate - the horizontal shift relative to the lower right corner.
  • Y Coordinate - the vertical shift relative to the lower right corner.

Position in channel

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/194

Hodrick-Prescott Channel Hodrick-Prescott Channel

The indicator plots a price channel using the Hodrick-Prescott Filter.

Smoothed Accelerator Smoothed Accelerator

Smoothed Accelerator

Perceptron With 5 indicators Perceptron With 5 indicators

Using Perceptron, Automatic Learning

Ichimoku Oscillator Ichimoku Oscillator

The oscillator, based on Ichimoku indicator.