Trend indicator, based on crossover of pivot level and its median.
Pivot Level is calculated by formula:
- PL – Pivot level;
- MAX – maximum price (n bars);
- MIN – minimum price (n bars);
- CLOSE – close price.
MT5 Indicator – Download Instructions
Price Channel Trend is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.
Price Channel Trend 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 Price Channel Trend.mq5?
- Download Price Channel Trend.mq5
- Copy Price Channel Trend.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 Price Channel Trend.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator Price Channel Trend.mq5 is available on your Chart
How to remove Price Channel Trend.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: