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MetaTrader 5 Indicator | Price Channel Trend

Trend indicator, based on crossover of pivot level and its median.

Pivot Level is calculated by formula:

PL=(MAX+MIN+CLOSE)/3

where:

  • PL - Pivot level;
  • MAX - maximum price (n bars);
  • MIN - minimum price (n bars);
  • CLOSE - close price.

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Price_Channel_Trend indicator

1909

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