MetaTrader 4 Indicator | Momentum-based Adaptive Channel

The Momentum-based Adaptive Channel is a version of the adaptive channel based on the Euclidean distance. It is designed to adapt according to the dynamic market as needed.

Display:

• red line  — upper channel.
• blue line  — lower channel.

 gray line is a standard donchian channel. 

Settings:

• channel period   — converted to the Euclidean distance.
• volatility factor — width of one bar.
• volatility smoothing — smoothing period of the volatility.