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Re: Intraday Channel Breakout for MT4

太虚一毫, Sun Oct 31, 2021 7:59 pm

kvak wrote: Sat Oct 30, 2021 10:08 am Hi.
Little upgraded version.
Replaced bars with candles with autowidth, make button and added alerts.
P.S. you may use arrows up-down to switch between timeframes :)
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Looking forward to teacher kvak upgrading Channel-Breakout BT2:

Use the (last paragraph) high and low points of the High-low trend indicator before the opening of Europe or Frankfurt to draw the channel.

The length of the channel, the opening of New York ends.

This channel has more practical significance than drawing the channel at a fixed time before the opening of Frankfurt.


mladen said: viewtopic.php?f=579496&t=8425685
High-low trend mtf 3:
A sort of a zigzag-but it is not a zigzag (it can change the highest high and lowest low, but it can not change the direction once when it gets it, so even though it works on a current, still opened bar, and even though it will move the highest high and lowest low if the market moves like that, it is also a kind of a non-repainting zigzag compared to actual zigzag)

Teacher Banzai’s channel reference version and other reference indicators are as follows:
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