Watch how to download trading robots for free

Find us on Telegram!
Join our fan page

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Views:

7108

Rating:

(21)

Published:

2012.12.20 07:25

Updated:

2016.11.22 07:32

keltnerchannelwithflatzone.mq5 (7.45 KB) view

Download as ZIP, How to download code from MetaEditor

Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

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

PriceChanel_HTF

The Price Channel indicator. It draws the line of high and low price values for the last N bars from high timeframe

OsHMA

The OsHMA oscillator is the indicator of the difference between two HMA (between two Hull Moving Averages).

Exp_XMA_Ishimoku_Channel

The breakthrough system using the XMA_Ishimoku_Channel indicator.

Gaus_MA

The indicator calculates the Moving Average using a modified algorithm of the linearly weighed Moving Average.

KeltnerChannelWithFlatZone - indicator for MetaTrader 5