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Published:

2012.12.20 07:25

Updated:

2016.11.22 07:32

keltnerchannelwithflatzone.mq5 (7.45 KB) view

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The main idea is to consider that the change of a trend is not MA crossing, but the output prices of a flat zone. In other words, in flat (perhaps more appropriately be called "dead") zone, deals are not concluded, which can serve as a kind of filter to filter out false crossings of the Moving Average.

KelnerChannelWithFlatZone

Recommendations:

Make sure that in the chart properties (F8) on "General" tab the check mark stands opposite to properties "Chart on top".

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/1270

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KeltnerChannelWithFlatZone - indicator for MetaTrader 5