Chaikin Oscillator with the market flat state detection option. If the market is flat, the colored indicator cloud shrinks and is located in the 0 position, and a thick gray line appears.

The criterion for determining this state is a shrunk Bollinger. The critical Bollinger shrink value is fixed by a half of its bandwidth and defined in the indicator input:

input uint flat=100; // flat value in points


MT5 Indicator – Download Instructions

CHOWithFlat is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.

CHOWithFlat provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

How to install CHOWithFlat.mq5?

  • Download CHOWithFlat.mq5
  • Copy CHOWithFlat.mq5 to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader 5 Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
  • Right click on CHOWithFlat.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator CHOWithFlat.mq5 is available on your Chart

How to remove CHOWithFlat.mq5 from your Metatrader 5 Chart?

  • Select the Chart where is the Indicator running in your Metatrader Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

Click here below to download MT5 Indicator:


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