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Indicators

Channel_Balance - indicator for MetaTrader 5

Views:
5528
Rating:
(10)
Published:
2018.08.23 13:01
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Channel Balance oscillator displays the difference between the median price ((High+Low)/2) and the price channel for a selected period.

It has one configurable parameter:

  • Period - price channel calculation period

Calculation:

CB = 100 * SMA(T, Period)

where:

T = (Median price - Min) / Range Range = Max - Min Max, Min are the highest and lowest prices within the Period interval


Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21432

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