Zigzag2_R_channel_System

An indicator that implements the breakout system utilizing the indicator channel Zigzag2_R_channel , with the supply of alerts and the sending of Push and mail messages within the occasion of a breakdown of the channel constructed on the ZigZag vertices.

When the value comes out of the grey channel, the candle turns right into a shade comparable to the path of the pattern. Inexperienced is the expansion of a monetary asset, pink is its fall. Vibrant colours correspond to the coincidence of the path of the candle and the pattern, whereas the darkish ones correspond to the scenario when the path of the candle is reverse to the pattern.

When working with this indicator, one ought to take into consideration the truth that the preliminary ZigZag, on the vertices of which the channel is constructed, is redrawn.

Fig.1. Zigzag2_R_channel

Zigzag2_R_channel_System.mq5

How useful was this post?

Click on a star to rate it!

Submit Rating

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

We are sorry that this post was not useful for you!

Let us improve this post!

See also  BarNumbers - Forex Indicator

Tell us how we can improve this post?

Submit Feedback