Join our fan page
- Views:
- 3467
- Rating:
- Published:
- 2016.02.16 09:01
- Updated:
- 2016.11.22 07:32
-
Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
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

Simple Max-Min channel with a slope.

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.

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.