PercentageCrossoverChannel_Cloud - MetaTrader 5 script
Real author : Vic 2008
The channel is based on percentage price deviation. It does this by filling the background with color. Channel width is controlled by percentage deviation.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on September 7, 2010.
Fir.1 PercentageCrossoverChannel_Cloud
Attachment download
📎 percentagecrossoverchannel_cloud.mq5 (18.46 KB)
Source: MQL5 #18199
PercentageCrossoverChannel_Cloud - MetaTrader 5 script usage and filtering suggestions
PercentageCrossoverChannel_Cloud - MetaTrader 5 script is a resource related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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