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- Published:
- 2016.03.25 15:06
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Author: Finware.ru Ltd
The general concept of usage is also widely known - first using some indicators (STLM and SATL) the long-term trend is determined, then open a position once the "short-term" indicators turn in their direction. In principle, it is possible to work using them, if anyone finds them convenient - why not..

The general concept of usage is also widely known - first using some indicators (STLM and SATL) the long-term trend is determined, then open a position once the "short-term" indicators turn in their direction. In principle, it is possible to work using them, if anyone finds them convenient - why not..

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/7171

If you like plotting channels, I recommend plotting them yourself. This is particularly true for the slope channels. However, if you use channels merely as filters or simply like to set alerts on these levels, then the indicator will be useful.

Really useful channel indicator.

The DJ Lines belongs to the Pivot group. All similar indicators operate on the principle - «Based on the values of the previous day (days) it is possible to calculate a point, passing which would mean a change in the trend».

A more advanced patterns analyzer. In addition, it generates a signal.