thank you
Thank you very interesting!
This is useful for me making breakout EA. Thanks for your sharing!
PERFECT range breakout channel. It has assisted me a lot in identifying range breakouts. Would be interesting to see the same concept with the middle line being informed by a moving average. So a constane channel of a moving average if i am making any sense.
@Mthoko Ngwenya #: PERFECT range breakout channel. It has assisted me a lot in identifying range breakouts. Would be interesting to see the same concept with the middle line being informed by a moving average. So a constane channel of a moving average if i am making any sense.
You seem to be describing the classical "Envelope" indicator—Envelopes - Trend Indicators - Technical Indicators - Price Charts, Technical and Fundamental Analysis - MetaTrader 5 Help
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Constant Range Channel:
A simple indicator plotting a channel with a constant range
Author: Fernando Carreiro