A channel drawn by intraday extrema.
Originally this indicator has been written in MQL4 and was first published in the Code Base at mql4.com on 21.09.2007.
Figure 1. The RChannel indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/2222
This trading system uses the ColorJJRSX oscillator.i-sig
A semaphore signal indicator that analyzes the last five bars.