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Price_Channel_Trend - indicator for MetaTrader 5
- Views:
- 9825
- Rating:
- Published:
- 2013.10.22 09:10
- Updated:
- 2016.11.22 07:32
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Trend indicator, based on crossover of pivot level and its median.
Pivot Level is calculated by formula:
PL=(MAX+MIN+CLOSE)/3
where:
- PL - Pivot level;
- MAX - maximum price (n bars);
- MIN - minimum price (n bars);
- CLOSE - close price.
Price_Channel_Trend indicator
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/1909
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