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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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True Channel
Aleksandrs Butrims
True channel indicator builds the linear regression channel. The channel consists of the support/resistance line rays, as well as the averaging trend line. Extra info displayed by the indicator support/resistance price for the current bar channel width channel slope current price position relative to the channel in % Options Bars for calculation - number of bars for building the channel Price for calculation - price used for the channel borders construction (Close, High/Low and Open).
True Channel MT5
Aleksandrs Butrims
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The True channel indicator plots the linear regression channel. The channel consists of two lines of support and resistance, as well as the averaging trend line. Additional information in the indicator support and resistance price for the current bar channel width channel inclination position of the channel price relative to the channel in percent Settings Bars for calculation - the number of bars to plot the channel Price for calculation - the price for plotting the channel boundaries (Clos
Flex Channel MT5
Aleksandrs Butrims
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 positio
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