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Maxminza

MAXMINZA is a channel indicator showing the maximum and minimum values ​​on any timeframe for a certain period (number of candles). This indicator creates a channel that predicts where the price will tend to reach (the opposite side of the channel). The indicator is multi-timeframe, it can consider the spread for plotting. The indicator does not redraw. This indicator goes well with another channel indicator TB5 Channel.

Values:

The number of candles is the period for which the channel is calculated, the default is 100 candles.

Consider the spread — consider the spread or not when building a channel. (When a large border is broken and an ask, the indicator makes a delay so as not to immediately redraw the low).

The filtering delta in pips is the size of the spread that will be considered when building the channel.

I wish you all profitable trading!


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If you want to find good trading opportunities, then you must trade near the Trend Line. This allows you to have a tighter         stop loss   on your trades — which improves your       risk to reward . But that’s not all… Because if you combine Trend Line with Support and Resistance, that’s where you find the best trading opportunities. Now you might wonder: “So when do I enter a trade?” Well, you can use reversal     candlestick patterns   (like the   Hammer, Bullish Engulfing, etc.) as your e
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TB5 Channel
Oleksandr Myrhorodskyi
Indicators
TB5 Channel  is a multi- timeframe channel indicator. It generates input points on different timeframes. There are 2 methods for constructing an indicator. The first method  is to install the indicator on the current timeframe. In this case you will have a channel on that timeframe that you have at MT5. The second method to install an indicator is to multiply it by the timeframe index. The point of the second method is to construct a higher timeframe channel on the current chart. For example, i
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