Features

• MA_Channel_SK defines reasonable market entry/exit points
• Forecasts the possible future price movement
• Creates equidistant channels that become dynamic support and resistance levels
• Greatly facilitates the visual analysis of the market

The indicator is based on standard Moving Average.

Differences from МА:

• The ability to adjust the levels for different timeframes. If you set the levels for M5 and then switch to D1 when working with a standard MA, all levels will "stick" to the moving average. This is not the case with MA_Channel_SK.
• The moving average chart does not end with the last bar. MA_Channel_SK draws the channels 12 bars ahead to the future.
• Ability to change the channel generation method (10 options).

Settings

The SK_MA_Channel settings are similar to the Moving Average ones comprising of only three main parameters:

• Period_MA - МА period
• Method_MA - averaging method
• Price_MA - price type

All other settings are custom:

• Method - channel generation method (10 options)
• Step_M1 - channel grid step for М1
• Step_M5 - channel grid step for М5
• Step_M15 - channel grid step for М15
• Step_M30 - channel grid step for М30
• Step_H1 - channel grid step for Н1
• Step_H4 - channel grid step for Н4
• Step_D1 - channel grid step for D1
• Show_LINE - show/hide 24 future bars
• NumBar - amount of displayed bars
• Color_TEXT - text color