A channel drawn by intraday extrema.
Originally this indicator has been written in MQL4 and was first published in the Code Base at mql4.com on 21.09.2007.
MT5 Indicator – Download Instructions
RChannel is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.
RChannel 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 RChannel.mq5?
- Download RChannel.mq5
- Copy RChannel.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 RChannel.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator RChannel.mq5 is available on your Chart
How to remove RChannel.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: