Channel based on extreme prices - indicator for MetaTrader 5

Channel based on extreme prices – indicator MetaTrader 5

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The indicator has only one adjustable parameter, which indicates how long the previous channel high and low borders should be shown.

  • Length of levels – the length of channel borders.

Fig.1 Channel length set to 1

Fig.2 Channel length set to 2

Fig.3 Channel length set to 3

Fig.4 Channel length set to 4

Fig.5 Channel length set to 5 (default)


Channel based on extreme prices – indicator MetaTrader 5
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