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Indicators

Four clicks to draw an arc-shaped channel - indicator for MetaTrader 5

Nikolai Semko | English Русский 中文 Deutsch 日本語 Português

Views:
3525
Rating:
votes: 32
Published:
2018.10.13 14:58
Updated:
2019.01.30 08:18
Arc.mq5 (18.86 KB)view

This implementation was done more as a training material and an attempt to inspire developers of MetaTrader 5 to add such a tool to the set of standard MetaTrader 5 objects. It is not implemented in the form of a class, saving and passing parameters when changing the timeframe, no multichannel and smoothness implemented, continuation of the channel to the right of the last bar. A quality version can be done if this idea is in demand.


The arc is drawn according to the formula:

Price = a+b*n+c*n²

where a, b, c are the coefficients, and n is the bar number.

In fact, it is a polynomial of degree 2. Three points are sufficient to calculate the coefficients a, b, c.


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