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Read news from forex factory website by web request - sistema esperto per MetaTrader 4
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- Pubblicato:
- 2021.10.15 14:46
- Aggiornato:
- 2021.10.15 14:56
- Hai bisogno di un robot o indicatore basato su questo codice? Ordinalo su Freelance Vai a Freelance
G channel is a channel indicator with 3 lines- a middle line representing a central tendency and 2 Upper and Lower boundaries calculated based on the past values of same indicator. Its based on the paper "Recursive Bands - A New Indicator For Technical Analysis" by Alex Grover and is a code conversion from TradingView. The channel breakout of Upper or Lower boundaries represent a new trend or trend continuation while narrowing of bands represents ranging or low volatility conditions. The channel can prove to be a good indicator of a trend direction and also a guide for trailing of stop loss. It has only 2 variables. Channel period - default set to 100. Price type.
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An optimized version of the Zigzag indicator, which was included in the MT4 delivery of 2005 (and in MT3.83).
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