Watch how to download trading robots for free
Find us on Facebook!
Join our fan page
Join our fan page
You liked the script? Try it in the MetaTrader 5 terminal
- Views:
- 18675
- Rating:
- Published:
- 2016.05.16 09:59
-
Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
Author: TraderSeven
The indicator displays the channel.

The indicator displays the channel.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/7557

Displays the probable direction of the price movement in future.

Paints the bars in the color corresponding to the current trend. Based on ADX.

The script fixes the chart by extending it with the consideration of the weekends and holidays.

Quite interesting method for plotting a channel. Despite the obvious plotting primitivism, it can be useful during the flat level analysis (for example, if you had no access to the terminal in a while, and it is necessary to assess the past events quickly).