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BMP Channel Free

This indicator displays the channel and trend. When BMP Channel are placed on a chart, they identify the trend. Two techniques used to examine the trend. Size correction and trend lines. The indicator is additionally equipped with bitmap + browser, preview, signal + alarm, screenshot, money management, range, support and resistance lines and information on chart. Product doesn't work in strategy tester. See video below and full version.

BMP Channel Free works only on time frame H1, on the USDCAD currency pair. Browser has only 2 Bitmaps. Range is disabled. The full version of the product has no limitations.

Full version: https://www.mql5.com/en/market/product/14832


  • Dual Trend:
    • Channel is based on the principle of Overbalance
    • Trend Line
  • Signal
  • Screenshot
  • Bitmap
  • Money Management
  • Range
  • Preview
  • Examples

Input Parameters

  • Alert signal Buy or Sell: true/false
  • Refresh Trend Line: true/false M5-every 5 minutes, M15-every 15 minutes etc.
  • Line size [resistance and support]
  • Arrow size
  • Screenshot: true/false
  • Color Trend Up: line color of an up trend
  • Color Trend Down: line color of a down trend
  • Color signal: arrow color of an up and down trend
  • Color Line [resistance]: line color of a resistance
  • Color Line [support]:  line color of a support
  • Color Range: rectangle color on chart


  • The bmp file should be located in \MQL4\Images.

Maksym Mudrakov
Maksym Mudrakov 2016.08.31 14:44 

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