MT4-Flat Horizontal Channel Range Price

The Flat Horizontal Channel Range Price indicator automatically draws a horizontal channel (range) of prices on a higher or current timeframe. This indicator was developed to simplify the determination of sideways movements of the market, as well as to search for entry signals for a pullback from the boundaries of a channel (range) or for its breakdown.

Input parameters:

BarsCount - 1000 - Number of bars to search for a horizontal channel

AutoPeriodDraw - true - Enabled automatic drawing of a horizontal channel on a higher timeframe

PeriodCur - 60 - Timeframe for drawing a horizontal channel if AutoPeriodDraw = false

color_lin_up - color of the upper border of the channel

color_lin_down - color of the lower border of the channel

linestule - line style

linewidth - line width

background - true - display in the background

VisibleText - true - Display of border name is enabled

chanel_update_delay_tick - 100 - delay in redrawing the horizontal channel on a new bar

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