PriceChanel_HTF - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Real author:
Price channel indicator. It plots the high and low lines of the last N bars of the high timeframe. An additional feature is the selection of periods for the maximum and minimum values of the channel's high and low boundaries, which can be set independently.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on August 26, 2009.
Figure 1 Price Chanel HTF indicator.
Attachment download
📎 pricechanel_htf.mq5 (8.36 KB)
Source: MQL5 #1266
PriceChanel_HTF - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
PriceChanel_HTF - MetaTrader 5 script | 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 on titles or short-term profit descriptions.
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