PriceChannel_Stop_v6.mq4 from Igorad. He posted it few weeks ago but I recognize it now only that it is really great indicator.
Please find the description.
And PChannel_m 3.mq4 from Roman and Profi_R. Set the parameters as the following:
- Range=1;
- use more higher Timeframe. If I am trading on H1 I will use Timeframe D1 (Timeframe=1440) or W1 (Timeframe=10080).
I use PChannel_m 3 together with Braintrading system: I change Range to 1 (default is 6) and Timeframe = 1440 (D1, default). I attach this indicator with this settings to the H1 chart with brainTrading indicators. So, I have day channel for 1 day (Range=1) and I am not trading if this channel is very thin. Thus I have additional confirmation (on M15 as described on some other place and on D1).
See image.
It is really great indicators.
It isn't big problem. Simply change in code following part:
// Signal area : any conditions to trend determination:
// 1. Price Channel breakout
if(Close[shift]>bsmax[shift+1]) trend=1;
if(Close[shift]<bsmin[shift+1]) trend=-1;
// Correction boards values with existing trend
if(trend>0)
{
if(Risk>0 && Close[shift]<bsmin[shift]) bsmin[shift]=bsmin[shift+1];
if(bsmin[shift]<bsmin[shift+1]) bsmin[shift]=bsmin[shift+1];
}
if(trend<0)
{
if(Risk>0 && Close[shift]>bsmax[shift]) bsmax[shift]=bsmax[shift+1];
if(bsmax[shift]>bsmax[shift+1]) bsmax[shift]=bsmax[shift+1];
}
Igor.
Thanks Igor
Request for Sound/Voice Alert for PriceChannel_Stop Indicators
Hi NewDigital,
Thank you very much for both the indicators - PriceChannel_Stop_v1 and PriceChannel_Stop_v6.
I'd very much appreciate if you kindly add sound/voice alert for both of these two. These seem to be very useful.
Best regards
- Sukhen
Hi NewDigital,
Thank you very much for both the indicators - PriceChannel_Stop_v1 and PriceChannel_Stop_v6.
I'd very much appreciate if you kindly add sound/voice alert for both of these two. These seem to be very useful.
Best regards
- SukhenThanks for your thanks but it is not my indicators.
Igorad created it. He is the member of our forum as well.
Request for Sound/Voice Alert for PriceChannel_Stop Indicators
Hi Igorad,
I'd highly appreciate if you kindly add sound/voice alert at your PriceChannel_Stop_v1 and v6. I am currently live trading using your indicators.
I don't know if MT4 language supports this - it'd be really great if I get an SMS message also at my mobile phone when a signal is generated from your indicator(s).
Thank you very much and best regards
- Sukhen
Hi Igorad,
I'd highly appreciate if you kindly add sound/voice alert at your PriceChannel_Stop_v1 and v6. I am currently live trading using your indicators.
I don't know if MT4 language supports this - it'd be really great if I get an SMS message also at my mobile phone when a signal is generated from your indicator(s).
Thank you very much and best regards
- SukhenIt is the version of PriceChannel_Stop indicator (attached) which Igorad created with alert and with SMS.
I check alert and it works.
To use SMS you should do the following:
In MetaTrader click on "Tools", then "Options" and "E-mail" and fill everything. Indicator will send e-mail via Metatrader and from your e-mail to mobile phone. It means that your e-mail should be supported by SMS (as yahoo for example).
As I understand from the Igorad explanation the indicator may sens e-mail if you adjust the settings in Metatrader and this e-mail may be your SMS if you adjust the setting in your e-mail address.
I did not check SMS because my mobile phone is not connected with yahoo e-mail. But you can do it I think.

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Price Channel indicators. But I think that it is trading systems.
One of variation of Brainwashing EA is using these indicators.