this free version of the indicator, the period between vertical lines would be 30 pubs. in the paid version, you can use several ThreePointsChannel indicators with different phases.
The structure principle – along with any number of bars set from the consumer, a station with the maximum and minimal lines is built so that the bars touch the maximum and minimum of the channel at no more and no less than three factors. The name of the indicator follows from this principle. the two vertical lines can be moved onto the graph by the consumer, thus setting the period on which the channel is built. After the specified period, the channel rays are drawn, which specify the channel in which the price can move
In the picture, the channel is a ThreePointsChannel built on top of the bars between two vertical dotted lines. The three points on which the channel is built are marked with red circles. In the period between two lines, the channel can be redrawn. The indicator has a parameter that prohibits redrawing. The right vertical dashed line shows the bar after which the channel is not redrawn. The green circle marks the moment when the price was in the “overbought” zone, the moment suitable for opening positions down. The blue circles mark the “oversold” zone, the moment suitable for closing down positions. Parallel lines inside the channel – channel levels. By default, the indicator takes the distance between the two main lines of the channel for 100% and draws lines 23.6% (dotted), 50% and 76.4% (dotted) inside the channel. The percentage that the indicator uses to draw the channel is determined by the indicator parameter.
Parameters of the indicator:
Redraw-allows redrawing of the channel in the interval between two vertical lines, specified by the user.
Coeff-defines the distance of the overbought and oversold channel as a percentage of the channel boundaries, drawn with a dotted line.
Color-the parameter sets the color of all lines
InputBar-sets the bar of the right vertical line on which the indicator will be initialized
Length – the distance between the left and right vertical lines in bars.
The InputBar and Length parameters are responsible for the period at which the channel is initialized. After initialization, the user can move both vertical lines to adjust the period on which the channel is being built.
In the test mode, moving vertical lines is not possible due to the built-in limitations of the MetaTrader platform
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this free version of the indicator, the period between vertical lines would be 30 pubs. in the paid version, you can use several ThreePointsChannel indicators with different phases.
The structure principle – along with any number of bars set from the consumer, a station with the maximum and minimal lines is built so that the bars touch the maximum and minimum of the channel at no more and no less than three factors. The name of the indicator follows from this principle. the two vertical lines can be moved onto the graph by the consumer, thus setting the period on which the channel is built. After the specified period, the channel rays are drawn, which specify the channel in which the price can move
In the picture, the channel is a ThreePointsChannel built on top of the bars between two vertical dotted lines. The three points on which the channel is built are marked with red circles. In the period between two lines, the channel can be redrawn. The indicator has a parameter that prohibits redrawing. The right vertical dashed line shows the bar after which the channel is not redrawn. The green circle marks the moment when the price was in the “overbought” zone, the moment suitable for opening positions down. The blue circles mark the “oversold” zone, the moment suitable for closing down positions. Parallel lines inside the channel – channel levels. By default, the indicator takes the distance between the two main lines of the channel for 100% and draws lines 23.6% (dotted), 50% and 76.4% (dotted) inside the channel. The percentage that the indicator uses to draw the channel is determined by the indicator parameter.
Parameters of the indicator:
Redraw-allows redrawing of the channel in the interval between two vertical lines, specified by the user.
Coeff-defines the distance of the overbought and oversold channel as a percentage of the channel boundaries, drawn with a dotted line.
Color-the parameter sets the color of all lines
InputBar-sets the bar of the right vertical line on which the indicator will be initialized
Length – the distance between the left and right vertical lines in bars.
The InputBar and Length parameters are responsible for the period at which the channel is initialized. After initialization, the user can move both vertical lines to adjust the period on which the channel is being built.
In the test mode, moving vertical lines is not possible due to the built-in limitations of the MetaTrader platform
this free version of the indicator, the period between vertical lines would be 30 pubs. in the paid version, you can use several ThreePointsChannel indicators with different phases.
The structure principle – along with any number of bars set from the consumer, a station with the maximum and minimal lines is built so that the bars touch the maximum and minimum of the channel at no more and no less than three factors. The name of the indicator follows from this principle. the two vertical lines can be moved onto the graph by the consumer, thus setting the period on which the channel is built. After the specified period, the channel rays are drawn, which specify the channel in which the price can move
In the picture, the channel is a ThreePointsChannel built on top of the bars between two vertical dotted lines. The three points on which the channel is built are marked with red circles. In the period between two lines, the channel can be redrawn. The indicator has a parameter that prohibits redrawing. The right vertical dashed line shows the bar after which the channel is not redrawn. The green circle marks the moment when the price was in the “overbought” zone, the moment suitable for opening positions down. The blue circles mark the “oversold” zone, the moment suitable for closing down positions. Parallel lines inside the channel – channel levels. By default, the indicator takes the distance between the two main lines of the channel for 100% and draws lines 23.6% (dotted), 50% and 76.4% (dotted) inside the channel. The percentage that the indicator uses to draw the channel is determined by the indicator parameter.
Parameters of the indicator:
Redraw-allows redrawing of the channel in the interval between two vertical lines, specified by the user.
Coeff-defines the distance of the overbought and oversold channel as a percentage of the channel boundaries, drawn with a dotted line.
Color-the parameter sets the color of all lines
InputBar-sets the bar of the right vertical line on which the indicator will be initialized
Length – the distance between the left and right vertical lines in bars.
The InputBar and Length parameters are responsible for the period at which the channel is initialized. After initialization, the user can move both vertical lines to adjust the period on which the channel is being built.
In the test mode, moving vertical lines is not possible due to the built-in limitations of the MetaTrader platform
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