What is it ? SHI_Channel_true is an important Metatrader indicator it shows automated price channel
How it works ? SHI_Channel_true indicator finds the nearest (in terms of time) fractal in history, searches for the next one, and connects them with a line. Then it draws a parallel line on the maximal fractal on the opposite side. Then it draws a midline between these two lines
Parameters : BarsForFract(0) - Length of the fractal "arm"
How it works ? SHI_Channel_true indicator finds the nearest (in terms of time) fractal in history, searches for the next one, and connects them with a line. Then it draws a parallel line on the maximal fractal on the opposite side. Then it draws a midline between these two lines
Parameters : BarsForFract(0) - Length of the fractal "arm"
The supported pairs : The indicator works on all currency pairs
The supported frames : The indicator works on all timeframes starting with М1
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| SHI_Channel_true MT4 indicator |
