I need a Channel indicator that can be used in an EA.
With the following criteria
Upper, Lower, and Mid Buffers: for each channel
Automatically updates in the EA over specified number of periods
channel need to be calculated as follows. . .
Start point = Highest, LOW over "N" bars
Previous bars LOW
Start Point = Lowest, HIGH over "N" bars
Previous bars HIGH
Anyone know of a an indicator that does this? I will share the EA.
Looks like this
Look at the following threads:
- Highest high for an indicator;
- SHI Indicators;
- Channel trading system.
As I remember Igorad modified some channel indicator to have many channels on the chart. Try to look at SHI Indicators thread.
Automatic channel (not the same as regression channel) auto_trend.mq4
Price channel m 3