Limit channels – with states – indicator MetaTrader 5

This is the indicator originally posted here Limit channelsΒ that is extended with a display of “states”.

  • “states” are displayed as colored histogramΒ 
  • they can be calculated using :
    • level 3 – outer levels – the “slowest”
    • level 2 – middle levelsΒ 
    • level 1 – the inner levels – the “fastest”
Recommendations:
  • This is just a suggestion how the levels of this kind can be used
    • A lot more combinations from 6 levels can be added but that is left to the discretion of anybody using the levels indicator
  • You can use color changes as possible “signals”
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