The Flat Horizontal Channel Range Price indicator automatically draws a horizontal channel (range) of prices on a higher or current timeframe. This indicator was developed to simplify the determination of sideways movements of the market, as well as to search for entry signals for a pullback from the boundaries of a channel (range) or for its breakdown.
Input parameters:
BarsCount – 1000 – Number of bars to search for a horizontal channel AutoPeriodDraw – true – Enabled automatic drawing of a horizontal channel on a higher timeframe PeriodCur – 60 – Timeframe for drawing a horizontal channel if AutoPeriodDraw = false color_lin_up – color of the upper border of the channel color_lin_down – color of the lower border of the channel linestule – line style linewidth – line width background – true – display in the background VisibleText – true – Display of border name is enabled chanel_update_delay_tick – 100 – delay in redrawing the horizontal channel on a new bar
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