SHI Channel true MetaTrader 4 Forex Indicatorshows Barishpolts’ dynamic moving channels in the chart in automated mode.
The indicator finds the neares (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 (in brackets – the default value of the parameter): BarsForFract(0) – Length of the fractal “arm”.
A classical fractal consists of five bars: an extremum and two bars (“arm” is equal to 2) by each side. However, the length of the “arm” can be increased. If the parameter is 0, the length of the “arm” depends on the chart time interval and is determined by the program automatically.
The indicator works on all currency pairs and on all timeframes starting with М1.
SHI Channel true MT4 Indicator – Download Instructions
In order to transform accumulated history data, you need to install a MetaTrader 4
It is a MetaTrader 4 indicator that allows you to detect several changes and dynamics in price that many traders can’t estimate or see without an indicator, which highlights its essence and usage.
Accordingly, traders can draw conclusions and make estimates about how the prices will change based on the information they have and then they can modify their strategy for better trading.
How to install SHI Channel true indicator for MetaTrader 4.mq4?Download indicator for MetaTrader 4.mq4
Copy SHI Channel true to Directory / experts / indicators /
Start or restart your Metatrader 4 Client
Select Chart and Timeframe where you want to test your mt5 indicator
Search “Custom Indicators” in your Navigator mostly left in your Metatrader 4 Client
Right click on SHI Channel true for MetaTrader 4.mq4
Attach to a chart
Modify settings or press ok
now indicator for MetaTrader 4.mq4 is available on your Chart
How to remove SHI Channel true Indicator for MetaTrader 4.mq4 from your Metatrader 4 Chart?Select the Chart where is the Indicator running in your Metatrader 4 Client
Right click into the Chart
Select the Indicator and delete.
Related Indicator:WPRfast MetaTrader 4 Forex Indicator
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