Hans_Indicator_x22 - MetaTrader 5 Script - MT4/MT5 Resources

Real author: Ximodax

The indicator for expanding time zone corridors is eleven corridors. The formed corridor is equal to four hours, while the corridor expansion is equal to sixteen hours.

 //+--------------------------------------------------------+
//| Indicator input parameters |
//+--------------------------------------------------------+
Input unit local time zone = 0 ; //Start time of original corridor calculation
Enter unit destination time zone = 4 ; // Corridor moves to the left in a bar
Input units PipsForEntryStep= 50 ; // Boundary expansion steps (in points) for each formed corridor
Input integer shift = 0 ; // indicator moves horizontally (in bars)

Figure 1. Hans_Indicator_x22

Attachment download

📎 hans_indicator_x22.mq5 (52.56 KB)

Source: MQL5 #22046