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SlopeChannelB MT5

38 USD

Demo downloaded: 6

Published: 21 January 2025

Current version: 2.0

SlopeChannelB MT5

Indicators
MIKHAIL VINOGRADOV
Version: 2.0
Activations: 10

📈 SlopeChannelB – a technical analysis tool that constructs a sloping price movement channel, offering unique opportunities to assess the current market situation and find trading signals.

Main features of the indicator:

Sloping price movement channel:
The indicator helps visualize support and resistance levels, which may indicate potential reversal points or trend continuations.
Various line colors and background highlighting:
Sloping support and resistance levels are displayed in different colors, and the channel itself is additionally highlighted with a background, simplifying the visual analysis of the chart.
Three options for calculating lines:
The indicator uses regression analysis to construct channel lines. You can choose one of three methods:
- Robust (default) – robust to outliers method.
- OLS (Ordinary Least Squares).
- Median (median calculation).
Optimal model selection:
SlopeChannelB automatically selects the most suitable line channel variant based on the analysis of five quality criteria.
Quality parameters are displayed directly on the chart, helping you evaluate the result. Also, you can manually switch between channel construction options using buttons.
Dual-signal system:
- First signal – occurs when the price reaches the sloping resistance or support level.
- Second signal – records the price movement from the level to the center of the channel.
  These signals can be useful for finding entry points on a rebound, but always require confirmation from other tools.
Combined use with other indicators:
It is recommended to use SlopeChannelB in combination with oscillators or trend indicators for additional confirmation before opening a position.
Recommendation for working with different timeframes:
An interesting approach is using the indicator simultaneously on two charts with different timeframes. The main chart with a higher timeframe (e.g., H12 or D1) allows you to determine the overall market picture, and a smaller timeframe (e.g., H4 or H8) helps confirm the entry or exit point.
Drawing a trend line from a higher timeframe:
The indicator additionally displays a trend line from a higher timeframe, which helps assess the long-term direction of price movement.
Optimal timeframes:
The indicator shows the greatest efficiency on high timeframes, such as H8, H12, and D1, allowing you to focus on significant market movements.

Indicator parameters:

Parameter	Description	Default Value
MethodRegression	Regression method: 1 - Robust, 2 - OLS, 3 - Median	Robust Regression
ExtraWeightRegression	Additional regression weight added to more recent vertex points	0.0
AngleThreshold	Angle threshold in degrees, after which the channel has no background	25.0
Min_extremum	Minimum number of extremums	3
CountExclusions	Maximum number of consecutive excluded points (2-5)	2
TFmain_Steps	Number of upward steps in timeframes for main trend lines	2
n_inclusive_bars	Number of pending bars	5
percentage_movement	Percentage of movement after touching for the second signal	15.0
clrUpperLine	Color of the upper line	Tomato
clrLowerLine	Color of the lower line	Turquoise
clrChannel	Channel color	10,30,40
clrSignal1	Color of signal 1	DodgerBlue
clrSignal2	Color of signal 2	Yellow
WQ	Quality coefficient weight of the line, exceeding which triggers signals	0.50

Why use SlopeChannelB?

The indicator is designed for deep analysis of the market structure and finding important entry points, while remaining a flexible tool that accounts for market uncertainty. Customize it to current conditions, analyze on different timeframes, and the dual-signal system makes SlopeChannelB a useful addition to any trading approach.

📈 Try SlopeChannelB today! A demo version is available for testing in the strategy tester.
Download the indicator at the MQL5 Market store and discover new possibilities in market analysis.

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Telegram Controls (Telecontrol) — performs communication between the bot Telegram and the terminal MetaTrader 5 . It helps aggregate data from multiple terminals and manage them using a bot in Telegram . The service is convenient for working on multiple MT5 terminals, allowing each terminal to be individually configured for optimal display and perception of information. All terminal data is collected in one Telegram channel, and the settings panel allows quick adjustments and saving of changes i

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The spread in trading is the difference between the purchase price and the sale price of a financial instrument on the market. The spread is a commission fee that traders pay brokers for the opportunity to trade. It's no secret that each broker offers its own terms for trading. The size of the spread is important. There are a lot of advisors (especially scalpers) who show different results at different brokers. We have repeatedly encountered this. Therefore, using this utility, find out what s

FREE

Level Assistant is an expert assistant for manually setting support and resistance levels. Traders often form their own levels. If there are many charts of different periods, the level will be multiplied by all charts. When placing a horizontal line on a chart, the Assistant suggests converting this line into a level. At the same time, he himself will determine the color and thickness of the line, depending on the period of the instrument and where it is relative to the price. Mark the level

FREE

Telecontrol MT4 is a solution for integrating the MetaTrader 4 terminal with a Telegram channel. The server-based operation simplifies the creation of tokens and identifiers, consolidates data from multiple terminals, and generates valuable information in Telegram. The functionality includes: notifications about trades, orders, and balance changes; monitoring of drawdowns and lot limit exceedances; trade reports and expert advisor analysis; notifications about significant events with color highl

FREE

The ZigZagMozart indicator is based on the calculation of the advanced ZigZag. Displays trend break points (white squares), resulting points (yellow circles), flat zones (purple dots). The only indicator parameter: “ pivot in points ” - the minimum shoulder between the peaks of the indicator. The indicator uses market analysis based on the strategy of the famous modern trader Mozart. https://www.youtube.com/watch?v=GcXvUmvr0mY. ZigZagMozart - works on any currency pairs. If the parameter “pivo

35 USD

The Regression indicator shows the direction of the trend. The graph shows up to 3 regression lines with different time periods. The straight line is built as the average inside the wave channel of the price movement (shown on one ScreenShot). In this case, you can disable any of the lines. Also, the indicator allows you to change the color for each line. It is interesting to calculate the relative angle in degrees. The angle display can also be turned off. Thanks to this indicator, you can s

30 USD

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stas99963 2025.02.14 08:55 #

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