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Equidistant channel Window

This indicator is the logical continuation of the well-known equidistant channel indicator: https://www.mql5.com/en/market/product/8723. The main purpose of the indicator is the visualization of price levels relative to the parallel channel using Fibo Bobokus levels in a separate window and the price history. This often allows forecasting the future price movement with a sufficiently high degree of probability. The Fibo levels calculation equation is as follows:

FiboLevel = (50-(100*((Close[i]-CL)/delta_HLC)))*-1;

Close[i] — current bar Close price level;

CL — channel lower level;

delta_HLC — difference between upper and lower channel levels.


Parameters

  • The period of calculating the indicator in hours — indicator calculation period in hours;
  • Signal Range % of the channel width — signal level in % of the channel width. The signal level is a dashed line drawn parallel to the main one with the specified proportions;
  • color spectrum — set of colors for plotting channels;
  • color RES_SUP — parallel channel color;
  • color CHANNEL — main channel color;
  • line thickness — channel line width;
  • width1 — parallel channel line width;
  • width2 — main channel line width;
  • Fibo levels in the channel — enable/disable Fibo Bobokus levels;
  • Shift to the left of the display of the fibo levels — shift to the left for displaying Fibo Bobokus levels;
  • color_fibo — Fibo Bobokus levels color.
Tim Eubanks
4273
2018.03.15 02:46 
 

Indicator needs resizing, even after zooming in it is hard to see!