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SHI Channel true

by Dr.Hamdi Boukamcha
Name:
SHI Channel true
Author: Collector (2006.10.16 13:34)
Rating: 10
Downloaded: 27022
Download:
SHI Channel true   SHI_Channel_true.mq4 (6.8 Kb) View
Indicator  SHI_Channel_true shows Barishpolts’ dynamic moving channels in the chart in automated mode.

The indicator finds the neares (in terms of time) fractal in history, searches for the next one, and connects them with a line. Then it draws a parallel line on the maximal fractal on the opposite side. Then it draws a midline between these two lines.

Parameters (in brackets – the default value of the parameter):

BarsForFract(0) – Length of the fractal “arm”.

A classical fractal consists of five bars: an extremum and two bars (“arm” is equal to 2) by each side. However, the length of the “arm” can be increased. If the parameter is 0, the length of the “arm” depends on the chart time interval and is determined by the program automatically.

The indicator works on all currency pairs and on all timeframes starting with М1.

 

SHI Channel true

 

 

7 comments  To post a new comment, please log in or register

if anyone help me out, how can i get alert if price make breakout from mid-line

03.04.2011 01:24 dralialadin

Hi everyone,

I would like to add the SHI channel in my ea, but don’t know how to. Basically if slope is >0 the buy and the opposite if slope is < 0.

 

Can someone advise ???

 

24.06.2009 03:08 tadhuing

Collector,

Thank you so much for this indicator. Seriously, I think is one of the best ever.

It sometimes highlights trends I did not even though about and is VERY VERY powerful!

Cheers!

David

30.03.2009 02:20 BlueSkyThinking

aieditor wrote:
Hi,

I have a keen interest for learning the codes of your SHI Channel indicator.

Will you explain to me about the equations PP = Low[2] -2 * Step & PP = High[2] -2 * Step?

Is PP a point of a chosen fractal & what is -2 ?

I reckon [2] is index array.

Also, by Step you mean Slope yes?

Thanks in advance.

Never mind..I got it.

01.12.2008 03:11 aieditor

Hi,

I have a keen interest for learning the codes of your SHI Channel indicator.

Will you explain to me about the equations PP = Low[2] -2 * Step & PP = High[2] -2 * Step?

Is PP a point of a chosen fractal & what is -2 ?

I reckon [2] is index array.

Also, by Step you mean Slope yes?

Thanks in advance.

26.11.2008 12:43 aieditor

click here(above) :Download:
SHI Channel true   SHI_Channel_true.mq4
09.05.2008 06:58 yangelong

How can i download it?

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