Download MetaTrader 5

Indicators: Price Channel

To add comments, please log in or register
Thousands of developers have already published their products in the Market. Join them!
MetaQuotes Software Corp.
Moderator
181169
MetaQuotes Software Corp. 2005.12.29 10:02 

Price Channel:

The Price Channel indicator calculates the highest high and lowest low of the trailing number of bars specified by the input Length.

Price Channel indicator MetaTrader 4

Author: Xaoc

MQL4 Comments
16319
MQL4 Comments 2010.11.08 06:25  

Is it possible to specify High - Low channel bands based on multiple "start and end" TIMES?

Example:

Show the Highest High and Lowest Low between (chart) time (A) 09:00 and 11:59.

and

Show the Highest High and Lowest Low between (chart) time (B) 12:00 and 15:59.

and

Show the Highest High and Lowest Low between (chart) time (C) 16:00 and 19:59.

and

Show the Highest High and Lowest Low between (chart) time (D) 20:00 and 01:59.

and

Show the Highest High and Lowest Low between (chart) time (E) 02:00 and 04:59.

and

Show the Highest High and Lowest Low between (chart) time (F) 05:00 and 08:59.

In this example I specified 6 time periods (A to F) but there could be any number of time periods.

Also based on Session times or traders analysis requirements some time periods could overlap.

Example:

Show the Highest High and Lowest Low between (chart) time (A) 09:00 and 11:59.

and

Show the Highest High and Lowest Low between (chart) time (A1) 10:00 and 13:59.

Shading the periods (High to Low) may also help to see them more easily.

I think this would be a very helpful indicator but I'm not a programmer so I hope you can see the value and have the time to create it.

Thanks.

To add comments, please log in or register