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Constant Range Channel indicator for MT4 and MT5 (same code)

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by , 05-12-2022 at 05:48 AM (72 Views)
      
   
Constant Range Channel - indicator for MetaTrader 5 and for Metatrader 4

Metatrader 5 -

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Metatrader 4 -

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This is a very simple indicator. It plots a channel with a constant range of twice the step-size parameter value. The range is broken when the low quote price breaks the upper level, or when the high quote price breaks the lower level of the channelís range. The code uses conditional compilation and will compile on both MQL4 and MQL5.

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