Indicator LRC_MaxWidth
The description:
The indicator automatically draws the new LRC-channel if width of the previous channel has exceeded the specified restriction.
Parameters:
LRC_MaxWidth_Pips = the maximal width of LRC (in pips).
LRC_Price = the price for calculation LRC. Possible values: 0 - Close price; 1 - Open price; 2 - High price; 3 - Low price; 4 - Median price; 5 - Typical price; 6 - Weighted price.
UseLRCPrice = defines a method for calculation width of LRC; true - use LRC_Price, false - use High/Low.
BarsToCount = amount last bars where calculate indicator; 0 = calculate indicator at all bars of chart.
The status: Free-of-charge, it is possible to download the source-file.
Platform: MetaTrader 4.
Frequently asked questions:
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