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Indicators

Limit channels - with states - indicator for MetaTrader 4

Views:
2191
Rating:
votes: 21
Published:
2021.11.27 00:54

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"


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