Price_Channel_Central - MetaTrader 5 Script - MT4/MT5 Resources
Yuri Tokman (YTG)
Channel indicator.
The indicator also displays the current channel level as a price tag and the signal type used to make trading decisions.
The indicator was originally written in MQL4 and first published in the code base on September 10, 2015.
Figure 1. Price_Channel_Central indicator
Attachment download
📎 price_channel_central.mq5 (11.58 KB)
Source: MQL5 #14811
Price_Channel_Central - MetaTrader 5 script usage and filtering suggestions
Price_Channel_Central - MetaTrader 5 script is a resource related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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