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Published:

2019.02.19 15:06

Fuction.mq4 (1.43 KB) view

channel20.mq4 (2.56 KB) view

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Channel20 is very simple, but very useful, this idea is well known and I just write it.This indicator calculates the highest and the lowest rate of the last N candles (N is an input who is initially 20) this is very useful for detecting new tendencies if the rate break the Channel20 .

the source code is divided in 2 parts

the channel20 source code (indicator)
the library wich includes the fuction used by the indicator

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