Indicators: Channel Sun Signals
Find this option on inputs properties of the indicator and choose "Signal only after band is fully stable (true no-repaint...) = true"
And then put two instances of this indicator one on TF M15 and another on Daily (D1) or other your preferences.
@adrianjunsay
Right click on the name of the indicator and from contextual menu choose "Open Link in new Tab". And then the mql5 indicator you will get in your "Download folder" or where you download files in your default folder.
i see thank you what best timeframe for using this? and how many bars when the arrow signal appear?
@adrianjunsay
Right click on the name of the indicator and from contextual menu choose "Open Link in new Tab". And then the mql5 indicator you will get in your "Download folder" or where you download files in your default folder.
Sell signal (red arrow above): the previous bar broke the upper band + was bullish, and the current bar is bearish.
Buy signal (blue arrow below): the previous bar broke the lower band + was bearish, and the current bar is bullish.
Best signal-to-noise ratio: H1 with H4
Scalping: More signals, but more false ones M15 with H1
Swing: H4 with D1.
Buy:
Blue arrow confirmed on a closed bar.
Price touched or slightly went below the lower band.
Band is not too narrow (volatility filter active).
Ideally: price is in a support zone from the higher timeframe.
Sell: opposite conditions.
Do not enter if:
The band is very narrow (ranging market).
The arrow appears in the middle of the channel (rare, but can happen with MTF).
It is right after a major news event.
Looks very promising - especially running two time frames together as you have in the screenshot.
Many thanks - I have a question as I have only just found this, does any part of the indicator repaint? apart from the optional signal arrows on open/closed bar.
I actually found this as I was about to embark on building something similar myself - however not having your skills I was going to get Claude to build it and was looking for something to feed him.
Anyway many thanks
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Channel Sun Signals:
Overview Channel Sun Signals plots an adaptive, triangular-weighted moving-average channel (a center line plus an upper and lower band) around price, and marks potential reversal points where price pierces a band and then closes back inside it. It is built on the same "band-break-then-reversal" logic used by classic TMA/CG-style channel indicators, but rewritten natively for MT5 — including its own multi-timeframe engine that does not rely on iCustom() or an external .ex5 file, so the indicator works standalone once compiled.
Author: Marian Beceanu