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Color Price Channel

Description

A colored channel indicator Price Channel to be drawn on the main chart of a financial symbol.

It can color bullish and bearish moods based on the middle line of the indicator, as well as change the color of the upper and lower lines of the channel.


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

For a more in-depth analysis the indicator can be used in combination with the Channel Global Multicurrency indicator of the secondary chart.


Inputs

  1. Channel_Period - the indicator calculation period.
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NEW YEAR SALE PRICE FOR LIMITED TIME!!! Please contact us after your purchase and we will send you the complimentary indicators to complete the system Cycle Sniper is not a holy grail but when you use it in a system which is explained in the videos, you will feel the difference. If you are not willing to focus on the charts designed with Cycle Sniper and other free tools we provide, we recommend not buying this indicator. We recommend watching the videos about the indiactor and system before pu
TakePropips Donchian Trend Pro
Eric John Pajarillaga Aldana
4.82 (17)
TakePropips Donchian Trend Pro   (MT4) ist ein leistungsstarkes und effektives Tool, das mithilfe des Donchian-Kanals automatisch die Richtung des Trends erkennt und Ihnen Handelssignale für den Ein- und Ausstieg liefert! Dieser Multifunktionsindikator umfasst einen Trendscanner, Handelssignale, ein statistisches Panel, einen Screener, Handelssitzungen und ein Dashboard für den Verlauf von Warnungen. Es wurde entwickelt, um Ihnen Handelssignale zu liefern und Ihnen Stunden beim Analysieren der C
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Mohamed Hassan
5 (10)
This indicator is unstoppable when combined with our other indicator called Katana . After purchase, send us a message and you could get Katana  for FREE as a BONUS!  You can also ask to join our private group where we discuss together with other members!  MT5 version: click here There are limited copies available at $49 (3 copies left). Next price is $99. Don't miss this great deal!  The Trend Forecasting indicator is a very unique & easy tool that is able to make prediction a
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Version 1.22 2020.04.11
Updating
Version 1.21 2014.09.08
Changed the way the lines are colored.