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FP channel - indicator for MetaTrader 5

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Published by:
Nikolay Kositsin
votes: 16
2012.02.20 13:47
2016.11.22 07:32
fp.mq5 (6.71 KB)view

Real author:

Nick A. Zhilin

The channel is based on the prices extreme values for a period. Central line, upper and lower channel borders values are determined by calculation of the Pivot Points used as assumed support and resistance levels.

This indicator was first implemented in MQL4 and published in CodeBase at 08.02.2008.

FP channel indicator

Translated from Russian by MetaQuotes Software Corp.
Original code:

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