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The program builds a daily channel. when working on charts less than the daily last bar is not taken into account. This way you can track the breakdown of the current highs and lows of the day's levels. The indicator was written for the purpose of analyzing the highs and lows of the days, for a breakdown of their price. Many trading strategies use the highs and lows of previous trading days. This indicator was written to study such trading strategies.
The indicator draws a line of highs, a line of lows, and an average line.
The indicator does not trade automatically, so the yield depends on the knowledge and skills of the trader.
Use the indicator to determine the daily channel.
The indicator settings:
Version 17.100 от 16.10.2017 - First version
Rewrite the indicator from scratch.
Port the indicator to MT 5.
The archive contains a file:
VR Da Channel.ex4 - For Metatrader
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