Channels - MetaTrader 4 Script - MQL5 #8707 | Forex Indicators Download - MT4/MT5 Resources
The indicator draws straight channels on three different timeframes (default is 1 hour, 1 hour, 4 days) and displays them on one chart. Additionally, for greater clarity, it displays the boundaries of each channel on the chart. The line width changes based on the time frame. Version channels_v2.5.mq4 differs in the presence of horizontal expansion of channel boundaries.
Attachment download
📎 channels_v2_4.mq4 (5.21 KB)
📎 channels_v2_5.mq4 (6.19 KB)
📎 chart.jpg (59.16 KB)
Source: MQL5 #8707
Channel - MetaTrader 4 Script - MQL5 #8707 | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Channel - MetaTrader 4 Script - MQL5 #8707 | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. 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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