6 variants of constructing the horizontal canal (and ZigZag) at 6 popular indicators.
Horizontal channels can be used for trailing stop-losses, determining the trend, etc. You can use the breakdown in trading systems.
In general, the lines of support / resistance (lower and upper limits of the channel), built at the peak price of certain one way or another.
The proposed forex indicators extrema are determined:
Channel @ MA - Moving Average. Extrema are sought prices between extremes MA, satisfying the condition: the difference of neighboring peaks and troughs MA greater than the specified threshold. Порог и параметры MA Threshold and parameters MA задаются в свойствах индикатора. set in the properties of the indicator.
Channel @ Stoch - stochastically. Here, the peak price - the maximum value of the price between the two basins stochastic separated its peak. Price depression - a mirror. Peak and trough stochastics - its entry into the zone the PC / PP. Level oversold (PP) and stochastic parameters are set in the properties of the indicator. PC Zone indicator is calculated as 100 - PP.
Channel @ RSI - Relative Strength Index (RSI). The principle is similar to determining Stochastic.
Channel @ DeM - indicator DeMarker. The principle is the same.
Channel @ SAR - Parabolic indicator S & R . Extremes define the first value after the coup parabolic, which, as we know, is an extreme value price for it - parabolic - the previous direction. Step and the maximum acceleration factor parabolic available from the properties of the indicator.
Channel @ Aroon – Trend indicator Aroon. Extrema are sought prices between switching the direction of the trend. Pattern for determining the start of a trend: the growing - Line Up = 100 at the line Down
Common to all variants are the display options of the channel and the zigzag, drawn to extremes:
ShowChannel: 0 - do not display, 1 - to draw on the Status of extrema, 2 (default) - to draw on the timing of extremes - ie так, как это происходит в он-лайн потоке. as it is in-line flow.
Non buffers for reading values of the upper and lower boundaries of the channel - 2 and 3.
Illustration for the channel on stochastics. This zigzag drawn on the Status of extrema (ShowZigZag = 1), and channel on the timing of the extrema (ShowChannel = 2).
Search direction of maximum / minimum price between the extremes of the base of the indicator can be changed by placing a "-" before ShowZigZag or ShowChannel. . It may be necessary for correct display of the zigzag in some cases. At work in real time and using the TS is not affected, but for completeness - let it be. Illustration of channel stochastics, where the first case of extreme price is sought from the more recent extreme base indicator to more ranemu, in the second - on the contrary.
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