channel_breakout_entry – indicator MetaTrader 5

The real author:

darmasdt

The market volatility indicator. It calculates stop loss and draws price channel. According to the instructions the red line shows where to place stop loss when opening a new order in this place.

This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 19.10.2007.Β Β 

Fig.1 The channel_breakout_entry indicator

Fig.1 The channel_breakout_entry indicatorΒ 


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