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Panama Channel

The indicator has 3 lines: green, blue and red. 

Between the blue and green line - bullish channel.
Between the blue and the red line - a bearish channel.

In addition, there is a signal line that moves inside the channel. This line changes colour from green to red and vice versa, thus indicating what the sentiment of the market is.

The strategy is easy to follow. 

When you are in the bullish channel and get a green signal line it is a signal of buying. 
When you are in a bearish channel and get a red signal line it is a signal of selling.

The channel has settings for how wide it can be. The default is 55. 


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Times
Ivan Stefanov
(Demo of mql5.com doesn't working) The indicator shows the lowest volatility periods. This is Elliott's wave 5 of some scale. The extreme value of the indicator is the lowest volatility period. This indicator has the following logic: We know from physics that distance equals velocity multiplied by time. S=V*t If we consider time it will be equal to velocity divided by distance. t=S/V Speed in forex is tick volume because it is not volume but number of ticks in a certain period of time i.e. it
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Version 1.1 2024.05.07
Minor improvement