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Indicators

Channel based on extreme prices - indicator for MetaTrader 5

Scriptor | English Русский 中文 Español Deutsch 日本語 Português
Views:
5321
Rating:
(14)
Published:
2018.03.01 11:27
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The indicator has only one adjustable parameter, which indicates how long the previous channel high and low borders should be shown.

  • Length of levels - the length of channel borders.

Fig.1 Channel length set to 1


Fig.2 Channel length set to 2


Fig.3 Channel length set to 3


Fig.4 Channel length set to 4


Fig.5 Channel length set to 5 (default)

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/19788

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