PChannel_System_Digit - MetaTrader 5 Script - MT4/MT5 Resources
This indicator implements the breakout system PChannel_System channel using the following, which rounds the channel levels to the required order quantity and displays the latest channel breakout level in the form of a price tag. The number of digits to round is set in the input variable :
Enter unit number = 2; //Number of digits to round
When price exits the gray channel, the bar color will change to the color corresponding to the direction of the trend. Blue represents the growth of financial assets and red represents the decrease of financial assets. Bright colors indicate that the trend direction is in line with the direction of the candlestick. Dark colors correspond to situations where the candlestick direction is opposite to the trend.
Figure 1. PChannel_System_Digit indicator
Attachment download
📎 pchannel_system_digit.mq5 (13.17 KB)
Source: MQL5 #15929
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