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The MAChannel indicator draws a price movement channel on a chart using a moving average shifted back and trend lines.

Lines are drawn above and below the moving average at a specified number of points.

The lines of the moving average and the channel are continued by trend lines.

Indicator parameters:

  • MA - moving average period;
  • Pips - number of pips to draw a channel;
  • NCandles - the number of the candlestick to draw trend lines;
  • magic - the magic number is required if you use two or more channels on one chart.
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