MaChannel: A High-Low Moving Average Trend Indicator in NRTR Form

Summary

MaChannel is described as a trend indicator built from two moving averages presented in an NRTR-style channel. The averages use price-series highs and lows, so the construction tracks separate smoothed views of the upper and lower price data. The document identifies the indicator’s author and notes that it was first implemented in MQL4 before publication as an MQL5 indicator.

The description says the implementation relies on smoothing classes from a separate library and refers readers to another article for the averaging approach. It does not specify the averaging periods, precise NRTR rules, signal interpretation, or parameter choices, and it includes no chart-based explanation, backtest, or performance evidence. As presented, this is a short conceptual description of an indicator rather than a complete trading method. A trader would need the implementation or referenced material to determine how the channel is calculated and how it might be used in a strategy.

Key ideas

• The indicator forms an NRTR-style channel from two moving averages.
• Its averages are calculated from the high and low series of price data.
• The implementation depends on external smoothing library classes.
• The document gives no parameters, trading rules, or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.