This indicator works on two signal lines combined with a channel. It produces a sell or buy signal depending on the lines.
As output for an Expert Advisor there are 6 buffers. The high and low channels, the high and low signal lines and the buy and sell signals themselves.
EATChannelSignals works on all periods and all symbols.
Three parameters can be changed by the user:
- Signalline - Moving Average of the signal lines.
- ChannelAverage - Moving Average of the channel.
- ChannelWidth - width of the channel; the lower is the period the smaller the ChannelWidth should be.