Source: https://fxcodebase.com/code/viewtopic.php?f=38&t=61628
Forum: 38 · Topic 61628 · 7 post(s)
Alexander.Gettinger · Mon Dec 22, 2014 10:37 am
Original LUA indicator: viewtopic.php?f=17&t=2801.
There are two modes, One. The indicator follows the price, indicator is always trying to be equated with a price. Defined percentage of the High-Low Range is the maximum shift.
Two The indicator follows the daily changes in price, in both directions, but only for a defined percentage of open - close Range.
Download:

Channel lines are aded X pip Up / Down from the Percentage_Price_Follower Line
Percentage_Price_Follower X Pips Channel.mq4

Fow MTF_MCP_Percentage_price_follower.mq4 make sure to install Percentage_Price_Follower.mq4
MTF_MCP_Percentage_price_follower.mq4
JADragon3 · Wed Sep 06, 2017 6:18 am
Hello. Would it be possible to add levels to this indicator ? Kind of turning it into a envelopes indicator ? I find that it has the potential to draw really nice price channels. And also , would you be willing to add Multi Time Frame function to it ? Please let me know.
( PS - I really love all the useful indicators that this website has produced. )
Apprentice · Wed Sep 06, 2017 8:28 am
Percentage_Price_Follower X Pips Channel.mq4 added.
JADragon3 · Thu Sep 07, 2017 4:31 am
Apprentice wrote: Percentage_Price_Follower X Pips Channel.mq4 added.
Thank you for the update. Is there any possibility of adding multi time frame function ?
Apprentice · Thu Sep 07, 2017 3:50 pm
Your request is added to the development list, Under Id Number 3887 If someone is interested to do this task, please contact me.
Apprentice · Wed Sep 27, 2017 5:06 am
MTF_MCP_Percentage_price_follower.mq4 added.
JADragon3 · Fri Oct 06, 2017 6:05 pm
Apprentice wrote: MTF_MCP_Percentage_price_follower.mq4 added.
Thank you for the update. I am very interested in using this