Channel - MetaTrader 4 Script - MQL5 #10882 | Trading Script Download - MT4/MT5 Resources
The indicator automatically finds linear channels using all timeframes.
During the first launch, the indicator most likely informs about missing historical data, since it requires 400 (default) bars per time period. In this case, switch to another time interval and switch back or restart the indicator.
If you click on the chart and hold down the Ctrl key, the channels will redraw based on the mouse pointer position.
Attachment download
📎 channels.mq4 (41.41 KB)
Source: MQL5 #10882
Channel - MetaTrader 4 Script - MQL5 #10882 | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
Channel - MetaTrader 4 Script - MQL5 #10882 | Trading Script Download - MT4/MT5 resources are trading script 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 on titles or short-term profit descriptions.
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