This is my favorite indicator I using it for channel breakout trading strategy and price pull backs from maximum / minimum levels.
High and low level you can use as dynamic support / resistance zones.
Also this indicator can show you trend direction and range market condition.
update 07.01.2019 – I added mt5 version by request of traders
1. Download file
2. Unzip archive and copy the MQL4 folder from the archive to your terminal Data folder
in the terminal click File menu – Open Data Folder
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Really love that one. Would be nice if you could make a version for MT5 too please !!!
Thank you so much !!!
Hi. Yep another one trader already asked me about that too, so seems to be we need this mt5 version in our blog))
At the moment we have a lot of work with our xen servers, but I will try to make that indi this week.
This is nice indicator for scalping. :thumbs-up