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Flex Channel MT4

Flex channel - indicator plots channel using Hodrick-Prescott filter. Hodrick-Prescott filter is the method of avreaging time series to remove its cycling componets and shows trend.

Settings

  • HP Fast Period - number of bars to calculate fast moving average
  • HP Slow Period - number of bars to calculate slow moving average

Additional information in the indicator

  • Channel width - channel width in pips at first bar
  • MA position - fast moving average position in the channel in persentage
  • Close position - Close price position in the channel in persentage

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