KiS_max_min_Channels - MetaTrader 5 Script - MT4/MT5 Resources
Real author:
The channel is drawn based on the high and low prices of the daily candlesticks. In addition to the channel, the indicator also displays some values of the candle on the current bar in the comment field. The indicator was first implemented in MQL4 and published in the code base of mql4.com on October 11, 2007.
Figure 1 KiS_max_min_Channels indicator
Attachment download
📎 kis_max_min_channels.mq5 (7.76 KB)
Source: MQL5 #1521
KiS_max_min_Channels - MetaTrader 5 script usage and filtering recommendations
KiS_max_min_Channels - 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 on titles or short-term profit descriptions.
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