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Breakdown Flat-indicator of the flat and its breakdown. It is based on a comparison of two different periods of the “Average True Range” (ATR) indicator and the maximum span for ‘n’ periods. Draws a flat corridor and signals its breakdown. Quite often, after price consolidation, a breakout occurs for a significant distance, which makes it possible to use the indicator in your trading strategy both separately and together with other indicators (methods) of entering the market. The indicator does not redraw, it can be used in Experts. The settings need to be entered for both 4-digit quotes, 5 and 3 are automatically converted to 4 characters.

  • FastATR – Fast ATR period.
  • SlowATR – The period of slow ATR.
  • MultRangeSlowATR-Slow ATR multiplier for the price swing filter in the corridor. The smaller the multiplier, the thinner the corridor.
  • CountFlatBars – The number of bars to study.
  • Indent-Indent in points from the minimum and maximum prices in the corridor.
  • BarsLimit – Limit of calculated bars (0-disabled). To optimize the performance of the indicator.
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