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- Published:
- 2016.02.16 09:01
- Updated:
- 2016.11.22 07:32
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The MaxminChannelWithSlope indicator with the timeframe selection option available in the input parameters:
input ENUM_TIMEFRAMES TimeFrame=PERIOD_H4; // Indicator chart period (timeframe)
The indicator requires MaxminChannelWithSlope.mq5 indicator file. Place it in <terminal_data_folder>\MQL5\Indicators.
Figure 1. The MaxminChannelWithSlope_HTF indicator
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/14726
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Simple Max-Min channel with a slope.
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The indicator helps to determine the beginning and end of trends on the basis of the slope of the "matches" lines and the color of their heads.
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The indicator of smoothed Standard Deviation or by the terminology of the resulting indicator's author - the base volatility indicator.

The BaseVolatility indicator with the timeframe selection option available in the input parameters.