OHLC Channel - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
The indicator displays two lines (DRAW_LINE display style). You can choose the price each line should be based on (open, high, low or close)
Therefore, we have a channel consisting of two prices. This type of channel provides a more intuitive understanding of price movements than bar or candle charts.
Attachment download
📎 ohlc_channel.mq5 (6.99 KB)
Source: MQL5 #22965
OHLC Channel - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
OHLC Channel - MetaTrader 5 Script | 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 only on titles or short-term profit descriptions.
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