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Breakout Channel mj

Forex Indicator BREAKOUT CHANNEL for MT4, No Repaint
  • This indicator can be used as complete trading system based on High/Low breakouts
  • It has just 1 parameter - HYSTORY DEPTH, it reflects the number of candles which are taken into consideration by indicator
  • Parameter HYSTORY DEPTH recommended values: timeframe D1 - 20 (one month), H4 - 30 (one week), H1 - 24 (one day)
  • BREAKOUT CHANNEL consist of 3 lines: High Border - max price of last N (HYSTORY DEPTH parameter) candles, Low Border - min price of last N (HYSTORY DEPTH parameter) candles, Middle line.
  • Indicator can be used in combitation with other indicators / Price Action patterns
  • Examples of BREAKOUT CHANNEL indicator usage can be found on pictures

// More great Expert Advisors and Indicators are available here: https://www.mql5.com/en/users/def1380/seller

It is original product which is offered only on this MQL5 website.

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