Thank you for these indicators, NewDigital.
I have a question: do you know if the SHI_SilverTrendSig indicator repaints the past? It must, for the signals to be so good, but I am just asking to be sure.
Hi Mike, I remember many months ago that this question was addressed and it was confirmed that it DOES repaint. cheers
SHI_SilverTrendSig indicator with alert https://www.mql5.com/en/forum
Any help on this question. How can I see previous channels in addition to current Shi channel on any chart?
Channel Trading for Beginners
Hello Digital and other members
There has been an incredible interest in channel trading especially in the Forex Factory forum by Orange Roshan. After going through the channel trading, zig zag, high/low etc. I find myself a bit confused. Can someone just post the "bread and butter" of channel trading? I mean what would be a simple and effective set up of indicators that a noob and start with and grow from.
It should be indicator on this thread modified by Igorad or Beluck according to some request. Check this thread. It should be image attached as well. Check by image.
There is some old classic method about how to use the channel indicator https://www.mql5.com/en/forum/173261
It is really very old method modified by many people. Last modification was made by Tartan (the author of Goldwarrior EA): he kept live real account with some forum showing live results of real trading by this method during the more than 1 year.
There are many EAs based on channel trading: hara-kiri EA by Tartan (for MT3) and two EAs posted in Metaquotes website (Russian version) are also very good.
Besides you may see the thread namely "level trading" (take a search - do not remember location sorry). It is most recent modification.
Many people are trading channel indicator. It is very usefull and very traditional way of trading.
Besides some channel trading technique you may find on this thread https://www.mql5.com/en/forum/175824
I am talking about technique: touching instead of crossing, touching two times ... and so on.
Thank you very much for your quick and helpful reply. Have you taken a look at the Channel Trading System in Forex Factory? It is call SRDC Method. It would be interesting to read your perspective on it.
One more favor, please take a look at the 2nd snag shot where I added on the ang_AZZ-fx-col-txt indicator. Would you please be kind enough to modify this indicator, as follows:
- Make it a user input option to have those yellow numbers on the chart or not. Default to No.
- Make the colors #0 and # 1 to default to the colors and style shown on the snag shot.
Again, my sincere appreciation for everything your doing to this TSD trading community.
Could you kindly post this indicator. I am interested to use this on my charts.