Midpoint Bands
- Индикаторы
- Emanuel Cavalcante Amorim Filho
- Версия: 1.0
Midpoint Bands is a channel-like indicator that draws two lines on the chart - an upper band and a lower band, pointing out possible reversal levels.
This is one of the indicators used in the Sapphire Strat Maker - EA Builder.
Sapphire Strat Maker - EA Builder: https://www.mql5.com/en/market/product/113907
The bands are simply calculated like this:
Upper Band = (HighestHigh[N-Periods] + LowestHigh[N-Periods])/2
Lower Band = (LowestLow[N-Periods] + HighestLow[N-Periods])/2
Middle Line = (Upper Band + Lower Band)/2
If you find any bugs, feel free to contact me or leave a comment.