A new and straightforward indicator has been developed that plots a channel with a constant range, calculated as twice the step-size parameter. This range is violated when the lower quote price surpasses the channel's upper boundary or when the higher quote price falls below the lower boundary. The indicator is built using conditional compilation, ensuring compatibility with both MQL4 and MQL5. For those interested in accessing the source code, it's now available under "Public Projects" in the MetaEditor, labeled with the name "FMIC". Ensure to review and integrate as needed for your technical advancements.
#MQL5 #MT5 #Indicator #FMIC

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