Channel Indicator

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Kevin
330
Kevin  

I need a Channel indicator that can be used in an EA.

With the following criteria

Adjustable Periods.

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. . .

channel 1

Start point = Highest, LOW over "N" bars

to

Previous bars LOW

channel 2

Start Point = Lowest, HIGH over "N" bars

to

Previous bars HIGH

Anyone know of a an indicator that does this? I will share the EA.

Thanks.

KK

Kevin
330
Kevin  

Looks like this

Files:
Sergey Golubev
Moderator
106753
Sergey Golubev  

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.

techmac
2976
techmac  

Automatic channel (not the same as regression channel) auto_trend.mq4

Files:
tampa
2045
tampa  

Price channel m 3

pchannel_m_3.mq4

Files:
Nikolai Semko
4895
Nikolai Semko  
Channels
Channels
  • votes: 44
  • 2013.06.06
  • Nikolai Semko
  • www.mql5.com
The indicator automatically finds linear channels using all timeframes. During the first launch the indicator is most likely to notify of the absence of history data, because it needs 400 (default value) bars of each time...
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