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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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TB5 Channel
Oleksandr Myrhorodskyi
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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