MAChannel

The MAChannel indicator draws a price movement channel on a chart using a moving average shifted back and trend lines.

Lines are drawn above and below the moving average at a specified number of points.

The lines of the moving average and the channel are continued by trend lines.

Indicator parameters:

• MA - moving average period;
• Pips - number of pips to draw a channel;
• NCandles - the number of the candlestick to draw trend lines;
• magic - the magic number is required if you use two or more channels on one chart.