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.
- 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.