The EA compares the difference between the Close price of bar #1 and the Close price of bar #Candle shift. If the value exceeds Channel height, a position will be opened. At the same time, the reverse of signals (Reverse) is considered:

   if(rates[1].close>rates[InpCandleShift].close+ExtChannelHeight)
     {
      if(!InpReverse)
         m_need_open_buy=true;
      else
         m_need_open_sell=true;
     }
   if(rates[1].close<rates[InpCandleShift].close-ExtChannelHeight)
     {
      if(!InpReverse)
         m_need_open_sell=true;
      else
         m_need_open_buy=true;
     }

If time control (Use time control) is enabled, then trading signals will only be checked within the the predefined time interval (between Start hour and End hour). By the way, if the End hour value is set below the Start hour value, the time interval will go beyond the day.

MT5 Indicators – Download Instructions

Plan X MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.

Plan X MT5 Indicator 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. Click here for MT5 Strategies

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How to install Plan X MT5 Indicator.mq5 to your MetaTrader 5 Chart?

• Download Plan X MT5 Indicator.mq5
• Copy Plan X MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
• Start or restart your Metatrader 5 Client
• Select Chart and Timeframe where you want to test your mt5 indicator
• Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
• Right click on Plan X MT5 Indicator.mq5
• Attach to a chart
• Modify settings or press ok
• Indicator Plan X MT5 Indicator.mq4 is available on your Chart

How to remove Plan X MT5 Indicator.mq5 from your Metatrader 5 Chart?

• Select the Chart where is the Indicator running in your Metatrader 5 Client
• Right click into the Chart
• “Indicators list”
• Select the Indicator and delete

Plan X MT5 Indicator (Free Download)

Click here below to download:

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La entrada Plan X MT5 Indicator se publicó primero en ForexMT4Indicators.com.