Hans_Indicator_x22_Cloud_Heo - MetaTrader 5 script

Eleven corridors, center line, background color filled expanded time zone corridor indicator characterized by changing the ratio of the corridor border expansion steps (by default it is equal to half of the golden ratio). 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
Enter double Kf= 1.309 ; // step size change ratio (default is half of the golden ratio)
Input integer shift = 0 ; // indicator moves horizontally (in bars)

Figure 1. Hans_Indicator_x22_Heo

Attachment download

📎 hans_indicator_x22_cloud_heo.mq5 (59.42 KB)

Source: MQL5 #22051