NO LINKS OR MQL SOURCE CODE REQUESTS. Please follow the rules.


Re: Bollinger Band type indicators for MT4

#853
From Mladen Rakic::

Limit Channels

As simple as it gets, channels based on High, Low and ATR distances, Shows possible short term support / resistance or can be used as tp/sl in some trading systems

Limit Channel indicator for MT4.png

Limit Channel indicator for MT4 2.png

Recommendations:

  • in this form it is not meant to be used signals
  • instead it should be used for trends, support, resistance estimation, or, as told above, for TP or SL settings
Limit channels.mq4
(10.11 KiB) Downloaded 171 times




  1. Similar Topics

    1. MT5 Band Indicators.

      2 Replies 438 Views

      by mrtools, Wed Oct 27, 2021 11:54 am in MT5 Indicators

      2 Replies
      438 Views
    2. MT5 Channel type indicators

      1 Replies 199 Views

      by mrtools, Thu Nov 25, 2021 8:02 am in MT5 Indicators

      1 Replies
      199 Views
    3. 19 Replies
      1401 Views

Return to “MT4 Indicators”

Users viewing this forum: Ahrefs [Bot], CommonCrawl [Bot], Facebook [Crawler], humbatov, IBM oBot [Bot], kimhyunmin, kvak, Majestic-12 [Bot], mrtools, oskar656, rudiarius, Sunrisetobi, Woodyz, 太虚一毫 and 43 guests