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Price Channel Free

This indicator displays the channel and trend. When Price Channel Free are placed on a chart, they identify the high and the low price. As such, they can be used quite effectively to visually identify levels of Support and Resistance on a chart. The indicator is additionally equipped with preview and signal. Product not work in strategy tester - for obvious reasons. See video below and Full version. The Free version allows to fully examine all the features on chart.

Price Channel Free works only on time frame H1, on the USDCAD currency pair. The full version of the product has no limitations.

Full version: https://www.mql5.com/en/market/product/14610

Input Parameters

  • Alert signal Buy or Sell.
  • Refresh Trend Line.
  • Distance from Line [Style Dot] to Line[Main].
  • Multiplier for Line 2 [Style Dot].
  • Color Trend Up.
  • Color Trend Down.
  • Color signal.
  • Color Level [up].
  • Color Level [down].
  • Size Level.
  • Arrow size.

On Chart

  • Button Reset: memory reset and delete signal on chart.
  • Button L: direction channel. [left].
  • Button Analyzer: start trend up or down.
  • Button R: direction channel. [right].
  • Button Signal: signal buy and sell on chart.
    • Button Plus: sensitivity.
    • Button Minus: sensitivity.
  • Button P [Preview].
  • Button TF [Change Time Frame] : press button TF - M1 on chart, press button TF - M5 on chart, press button TF - M15 on chart etc.
    • Preview on chart M1, M5, M15, M30, H1, H4, D1 and W1. See video below.
    • Preview on chart - price scale 1 : 1.
    • Preview on chart - 18 last candles.
  • Reset and delete level on chart: press button L next press button Reset. See video below.
Maksym Mudrakov
2016.08.31 09:18 

User didn't leave any comment to the rating

Version 1.10 - 2016.02.19
Change of name:
Button Analyzer on Button Channel.
Button E [End] - operating range. See video in the comments.
On Preview:
- Stochastic
- ATR[14]
- ATR[0]