MaksiGen Channels

MaksiGen Channels

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Indicator of price change range

The indicator determines the width of the channel in accordance with the values ​​of the following input parameters:

input Hour   StartHour1=H00;         // Session start hour for the channel width
input Min    StartMinute1=M00;       // Session start minute for the channel width
input Hour   EndHour1=H08;           // Session end hour for the channel width
input Min    EndMinute1=M15;         // Session end minute for the channel width

and then starts drawing it the intervals of two sessions:

input Hour   StartHour2=H08;         // Session 1 start hour
input Min    StartMinute2=M15;       // Session 1 start minute
input Hour   EndHour2=H12;           // Session 1 end hour
input Min    EndMinute2=M30;         // Session 1 end minute
//---- 
input Hour   StartHour3=H14;         // Session 2 start hour
input Min    StartMinute3=M00;       // Session 2 start minute
input Hour   EndHour3=H17;           // Session 2 end hour
input Min    EndMinute3=M30;         // Session 2 end minute

So the idea is to enter the market when the European market opens at the breakthrough of the Asian channel.

Originally this indicator has been written in MQL4 and was first published in the Code Base at mql4.com on 30.10.2007.

 

MT5 Indicator – Download Instructions

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

MaksiGen Channels 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 MaksiGen Channels.mq5?

  • Download MaksiGen Channels.mq5
  • Copy MaksiGen Channels.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 MaksiGen Channels.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator MaksiGen Channels.mq5 is available on your Chart

How to remove MaksiGen Channels.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:

MaksiGen Channels

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