MAXMINZA is a channel indicator showing the maximum and minimum values on any timeframe for a certain period (number of candles). This indicator creates a channel that predicts where the price will tend to reach (the opposite side of the channel). The indicator is multi-timeframe, it can consider the spread for plotting. The indicator does not redraw. This indicator goes well with another channel indicator TB5 Channel .
Values:
The number of candles is the period for which the channel is calculated, the default is 100 candles.
Consider the spread — consider the spread or not when building a channel. (When a large border is broken and an ask, the indicator makes a delay so as not to immediately redraw the low).
The filtering delta in pips is the size of the spread that will be considered when building the channel.
I wish you all profitable trading!
