MetaTrader 4 MT4 Indicators Channels – indicator MetaTrader 4

Channels – indicator MetaTrader 4

Author:

(c) 2010 Shon Shampain for Zen Cows Go Mu,

Channels calculates the high / low channel in which price action has been moving. The number of candles is considered is a parameter. This indicator is a precursor to the ChannelBalance indicator.

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Alternative:   ColorLeManTrend_HTF - indicator MetaTrader 5