The indicator draws a channel calculated by the logarithmic function.
There are three adjustable parameters:
The appearance of the channel depends on its length, i.e. the number of bars calculated.
Fig.1 Length 50, chart period H4
Fig.2 Length 75, chart period H4
Fig.3 Length 100, chart period H4
Fig.4 Length 100, chart period MN
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/19889
Kurtosis is an indicator of market sentiment.Kicking Pattern
The indicator searches for a sequence of candlesticks on a chart and marks bullish and bearish sequences.