The ChannelAnt indicator is a channel indicator based on the Moving Average. Its construction is based on the use of the balance line (violet, thick line) which “attracts” price to itself, and the remaining lines which are used according to its position as support and resistance lines.
When drawing Forex channels lines of the ChannelAnt indicator the ratio of 38%, 62%, 100% are used for deleting the balance line. It is recommended to use the ChannelAnt indicator on high timeframes starting from hour period. As a strategy it is possible to work as on rollback, so on breakthrough of levels depending on volatility of the currency pair and preferences.
The indicator uses SmoothAlgorithms.mqh library classes (must be copied to the terminal_data_folder\MQL5\Include). The use of the classes was thoroughly described in the article “Averaging price series for intermediate calculations without using additional buffers”.
MetaCOT 2 CFTC ToolBox (Set of Indicators) MT4 -… Contents GENERAL PROVISIONS Brief description Installing the libraries and indicators Several indicators in one window Exporting CFTC reports to CSV…
JS-Chaos - EA MetaTrader 5 The author of the idea: JS_Sergey, the mq5 code author: barabashkakvn. The Expert Advisor is based on Bill Williams' strategy.…
Master Tools - indicator MetaTrader 4 Changelog: v1.08: After a long time of absence :) Bug correction and compilation. v1.07: Now SL / TP choose for each…
FOREX Currency Powers - EA MetaTrader 5 Description: MetaTrader 5 allows creating synthetic instruments. The price of such instruments can depend on the current values of a…
MACD Sample - EA MetaTrader 5 The MACD Sample EA is included in the standard pack of the MetaTrader 5 client terminal and is an example…
