Channel Balance MT5 Indicator

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Channel Balance oscillator displays the difference between the median price ((High+Low)/2) and the price channel for a selected period.

It has one configurable parameter:

  • Period – price channel calculation period

Calculation:

CB = 100 * SMA(T, Period)

where:

T = (Median price – Min) / Range Range = Max – Min Max, Min are the highest and lowest prices within the Period interval

MT5 Indicators – Download Instructions

Channel Balance MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.

Channel Balance MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT5 Strategies

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How to install Channel Balance MT5 Indicator.mq5 to your MetaTrader 5 Chart?

  • Download Channel Balance MT5 Indicator.mq5
  • Copy Channel Balance MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
  • Start or restart your Metatrader 5 Client
  • Select Chart and Timeframe where you want to test your mt5 indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
  • Right click on Channel Balance MT5 Indicator.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator Channel Balance MT5 Indicator.mq4 is available on your Chart

How to remove Channel Balance MT5 Indicator.mq5 from your Metatrader 5 Chart?

  • Select the Chart where is the Indicator running in your Metatrader 5 Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

Channel Balance MT5 Indicator (Free Download)

Click here below to download:



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