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Published:

2021.11.25 11:35

Limit channels - with states.mq5 (12.38 KB) view

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This is the indicator originally posted here Limit channels that is extended with a display of "states".

"states" are displayed as colored histogram
they can be calculated using :

level 3 - outer levels - the "slowest"
level 2 - middle levels
level 1 - the inner levels - the "fastest"

Recommendations:

This is just a suggestion how the levels of this kind can be used

A lot more combinations from 6 levels can be added but that is left to the discretion of anybody using the levels indicator

You can use color changes as possible "signals"

The Hurst Coefficient Indicator

The Hurst Coefficient Indicator was created John Ehlers in “Cycle Analytics For Traders”, pg.67-68.

Limit channels

ATR based limit channels

Dynamic pivots - any time frame

Clean up all drawings ( Delete All Object Comment etc )

The script is best use to clean up all drawings ( Delete All Object, Comment, horizontal line, vertical line, arrows etc) on current chart. Please feel free to modify based on your needs.

Limit channels - with states - indicator for MetaTrader 5