AutoChannels

The following indicator draw the price channel based on the current market conditions, also shows the price breakout. The package include version for Metatrader 3 and Metatrader 4. Source code included.

The parameters of the indicator:

• AllBars =240 - number of bars counted. 0-all bars counted
• BarsForFract =0 - bars of fractal\'s "shoulder". 0-automatic, based on the timeframe