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Re: MT4 Indicators with alerts/signals

Intrest 1, Fri May 13, 2022 6:21 pm

In my opinion, the zigzag signal arrows should be turned in the opposite direction, because these are price channel breakout signals, which absolutely corresponds to the Donchian channel and approximately corresponds to the Bollinger band with the same period.
Whether the breakdown is true or false is another matter. These are already other criteria for determination.
Applying a zigzag in this way gives price channel breakout signals without redrawing
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