- Iulii 4, 2013
- Missae by: Praenomen to Team
- Categoria: Peritus Advisor
Flat Breakout Indicator
Consolidation FX indicator
Consolidation (plana) non potest durare nimis longum, quia eventually forum magis ac magis instabile fit.
This indicator looks for and displays the areas of consolidation and channel movement. Si channel regressionis linearis super praeteritum Nlin vectes habet latitudinem non amplius 2 * range of pips, then draw a new channel. In futuro, 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