Forex Wiki Trading > Expert Advisor > Flat Breakout Indicator Consolidation FX indicator

Flat Breakout Indicator Consolidation FX indicator

  • July 4, 2013
  • Posted by: Forex Wiki Team
  • Category: Expert Advisor
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Flat Breakout Indicator

Consolidation FX indicator

Flat Breakout Indicator Consolidation FX indicator 1

Consolidation (flat) can not last too long, because eventually the market becomes more and more unstable.

This  indicator looks for and displays the areas of consolidation and channel movement. If the channel of linear regression over the past Nlin bars has a width not more than 2 * range of pips, then draw a new channel. In the future, you can work at the breakdown.

Variables:


S1 – Minimal length channel of the linear regression
S2 – Max. channel height in pips
S3 – The aim at breakdown
S4 – Used to calculate Close, if false – High / Low
S5- Number of bars to calculate

Download Flat-Breakout indicator free >>>

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Author: Forex Wiki Team
We are a team of highly experienced Forex Traders [2000-2023] who are dedicated to living life on our own terms. Our primary objective is to attain financial independence and freedom, and we have pursued self-education and gained extensive experience in the Forex market as our means to achieve a self-sustainable lifestyle.
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