Indicators: Channels

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MetaQuotes Software Corp.
Moderator
206311
MetaQuotes Software Corp.  

Channels:

Finds and draws channels using all timeframes from 1 minute to 1 month

Author: Nikolay7ko

MQL4 Comments
16299
MQL4 Comments  
Very nice, congrats
96014986
7
96014986  
Thank you so much
myke58
4
myke58  
Great,thank you !!!
Sergey Golubev
Moderator
110362
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Indicators: Price_Channel

newdigital, 2013.10.14 14:40

Price Channel

Price Channels is a helpful technical analysis indicator to determine buy and sell signals based on price breakouts.

  • Upper Price Channel: The highest high over a user-defined time period.
  • Lower Price Channel: The lowest low over a user-defined time period.

The user-defined time period is generally 20 periods. To further illustrate how a price channel is created a chart of the Nasdaq 100 ETF (QQQQ) is shown below:


Price Channels are used mainly to identify price breakouts. The buy and sell signals are shown below in the chart of the QQQQ's:


Price Channel Buy Signal

Buy when price closes above upper bands. This is like buying a breakout above resistance, the resistance just happens to be whatever the highest high was of the past 20 trading days.

Price Channel Sell Signal

Sell when price closes below lower bands. This would be like selling a breakout below support, but the support in this case is whatever the lowest low was of the previous 20 trading days.

Price Channels offer an easy to follow method of buying and selling stocks, futures, or currency pairs.


Sergey Golubev
Moderator
110362
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

PriceChannel Parabolic system

newdigital, 2013.03.22 14:04

 PriceChannel Parabolic system

 
PriceChannel Parabolic system basic edition

  • indicators and template to download for black background (first post of this thread)
  • PriceChannel indicator is on CodeBase here, same for white background, how to install
  • Clock indicator to be used with this trading system - Indicator displays three variants of time in the chart: local, server and GMT 
  • PriceChannel ColorPar Ichi system is on this post

Latest version of the system with latest EAs to download


How to trade

 
The settingas for EAs: optimization and backtesting 

Trading examples

Metaquotes demo 

 

GoMarkets broker, initial deposit is 1,000

Alpari UK broker initial deposit is 1,000

RoboForex broker initial deposit is 1,000


Apo Ozery
12
Apo Ozery  

hi 

please can you tell me why i can not use this indicator on Dow and Italy40(ftse mib) or on futures??

marquez
111
marquez  

Awesome Indicator.


Is here sombeody able to migrate it for MQ5 ?

I was searching the whole web, but no way  to find :(

Vijay Karamchandani
434
Vijay Karamchandani  

This ain't running with my MT4, pls help.!

 

Regards,. 

Files:
login.png 105 kb
Nathan5
7
Nathan5  

Great indicator.

What are the input parameters in English?

Thierry Ramaniraka
539
Thierry Ramaniraka  
Superb code.
123
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