The DUCT indicator is a powerful tool that helps traders visualize market trends by plotting a channel based on fractal analysis.
Here's a quick rundown of the DUCT indicator settings:
- Time Frame: This setting determines the period of the chart used to identify fractals and the control points of the channel. If set to 0, it will use the current chart where the MQL4 program is running.
- Needed Bars: This specifies the number of historical bars used for calculations. Setting it to 0 means all available bars will be used.
- Clamping Bars: This limits the number of bars considered for fractal searching. A value of 0 will allow the system to calculate this automatically.
- Koeff Flat: This coefficient helps define the flat market conditions.
- Color: You can customize the color of the indicator lines to fit your viewing preferences.
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