MA_Rounding_Channel - MetaTrader 5 Script - MT4/MT5 Resources
Real author:
Backspace + Nikolai Kosichin
The indicator plots a sideways channel based on horizontal positions. The MA rounds off to determine possible resistance and support lines for the price.
The indicator uses the SmoothAlgorithms.mqh library class (must be copied to terminal_data_folder\MQL5\Include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.
Figure 1 MA_Rounding_Channel indicator.
Attachment download
📎ma_rounding_channel.mq5 (11.88 KB)
📎 smoothalgorithms.mqh (133.8 KB)
Source: MQL5 #1212
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