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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Unlock powerful breakout opportunities The 123 Pattern is one of the most popular, powerful and flexible chart patterns. The pattern is made up of three price points: a bottom, a peak or valley, and a Fibonacci retracement between 38.2% and 71.8%. A pattern is considered valid when the price breaks beyond the last peak or valley, moment at which the indicator plots an arrow, rises an alert, and the trade can be placed. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  ]
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Send us a message after your purchase to receive more information on how to get your  BONUS  for FREE  that works in great combination with Bull vs Bear ! Bull versus Bear is an easy-to-use Forex indicator that gives traders clear and accurate signals based on clear trend retests . Forget about lagging indicators or staring at charts for hours because  Bull vs Bear provides real-time entries with no lag and no repaint, so you can trade with confidence. Bull vs Bear  helps you enter trades during
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Maksym Mudrakov
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Maksym Mudrakov 2016.08.30 19:29 
 

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