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Channel Global Multicurrency

Description

A colored universal multicurrency/multi-symbol indicator Channel to be drawn in a separate window below the main financial instrument. The indicator uses the calculation method of the Price Channel indicator. The rising and falling line of the main indicator and the Channel lines can be colored.

The indicator can be calculated based on one of the eleven basic indicators included in the standard package of the MetaTrader 4 terminal:

  • AD - an indicator of accumulation and distribution of volume.
  • OBV - On Balance Volume.
  • Force - Force Index indicator.
  • MFI - Money Flow Index.
  • ATR - Average True Range.
  • Momentum.
  • Moving Average.
  • CCI - Commodity Channel Index.
  • RSI - Relative Strength Index.
  • ADX - Average Directional Movement indicator.
  • DeMarker.
  • Standard Deviation.

The default indicator is AD - an indicator of accumulation and distribution of volume.


Purpose

The indicator can be used for manual or automated trading in an Expert Advisor. Values of indicator buffer of the double type can be used for automated trading: 

  1. The middle line of the Channel - buffer 2.
  2. The upper line of the Channel - buffer 0.
  3. The lower line of the Channel - buffer 1.
  4. The bullish line of the basic indicator - buffer 3, must not be equal to zero.
  5. The bearish line of the basic indicator - buffer 4, must not be equal to zero.
  6. The main line of the basic indicator - buffer 5.

For a more in-depth analysis the indicator can be used in combination with the Price Channel indicator of the main chart.


Inputs

  1. Currency_Name - the name of the financial instrument.
  2. Calc_Method - the indicator, based on which the Channel will be calculated.
  3. Channel_Period - Channel calculation period.
  4. Periods - the period for calculating the basic indicator, based on which Channel will be calculated.
  5. MA_Method - averaging method for the MA of the basic indicator.
  6. Applied_Price - the used price of the basic indicator.
  7. Mode - the index of the line (MAIN or SIGNAL) of the basic indicator, based on which Channel will be calculated.
  8. Shift - the sift of the basic and calculation indicator relative to the price chart.


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FULL FOREX MARKET VIEW Dashboard Indicator This is a custom indicator created to give Traders a full view of what is going on in the market. It uses a real time data to access the market and display every bit of information needed to make successful trading. INSTALLATION : Before attaching this Indicator to your window chart, go to your MT4's Market Watch panel and HIDE all the Currency pairs you don't need or trade and leave the rest there. The reason is that FFMV Dashboard will DISPLAY ALL the
ECM Channel MT4
Paulo Rocha
5 (1)
Indicators
ECM Elite Channel is a volatility-based indicator, developed with a specific time algorithm, which consists of finding possible corrections in the market. This indicator shows two outer lines, an inner line (retracement line) and an arrow sign, where the channel theory is to help identify overbought and oversold conditions in the market. The market price will generally fall between the boundaries of the channel. If prices touch or move outside the channel, it's a trading opportunity. The
TrendDecoder Premium
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5 (5)
Indicators
Identify ranges  | Get earliest signals of Trends  | Get clear exits before reversal  | Spot the Fibo levels the price will test Non-repainting, non-delayed indicator - ideal for manual and automated trading - for all assets and all time units $69   for launch - then back to >>   $149 After purchase,   please contact me on this channel   for recommended and personalised settings MT5   version:  Click here Get our full method with  BladeSCALPER  and   PowerZONES What is it about? TrendDECOD
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Version 1.23 2020.04.03
Updating
Version 1.22 2014.10.29
User's interface has been improved.
Version 1.21 2014.09.08
Changed the way the lines are colored.