Adjustable Price Channel MT4

4

APriceChannel is a modification of the standard Price_Channel indicator.

The EA draws 2 levels - the upper level shows the price High for the specified period of time, the lower level shows the price Low for the same period. In addition to the period, you can set vertical offset in points to widen the channel up and down. This prevents false breakouts of current support/resistance levels.


Inputs

  • Period - time period in bars - the number of bars to calculate the price High/Low.
  • Offset up and down - vertical offset in points to widen the channel:
    • upper level = High(period) + Offset
    • lower level = Low(period) - Offset

The colors and styles of the levels can be configured on the Colors tab.

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Scalper Vault is a professional scalping system which provides you with everything you need for successful scalping. This indicator is a complete trading system which can be used by forex and binary options traders. The recommended time frame is M5. The system provides you with accurate arrow signals in the direction of the trend. It also provides you with top and bottom signals and Gann market levels. The indicator provides all types of alerts including PUSH notifications. PLEASE CONTACT ME AFT
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Maksym Mudrakov
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Maksym Mudrakov 2016.08.30 19:29 
 

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