This is the largest free source code library for MetaTrader 5 platform programs. Here you can find ready-made Expert Advisors, technical indicators, scripts and libraries. Use the code library when learning MQL5 language and develop your own automated trading applications based on the provided codes.
You can freely download and test published codes, as well as launch them in MetaTrader 5. The library is also available directly from MetaTrader 5 platform and MetaEditor development environment.
A channel is a trading range between support and resistance levels that a stock price oscillates in for a period of time.
This indicator draws the resistance and support lines based on the peaks and valleys that are found within a defined period of time.