• Overview
  • Reviews (5)
  • Comments (5)
  • What's new

Easy Channels

The indicator draws price channels. It can be customized so that only buy or sell channels are displayed. Also, trend lines can be displayed instead of channels. This indicator is easy to use, but nevertheless, there are many trading strategies based on channel trading.

Advisor based on this indicator: https://www.mql5.com/en/market/product/37952

Parameters

  • History - maximum number of bars to build channels;
  • Distance - minimum distance from one High (or Low) to another when constructing a channel;
  • Shift - shift for several bars back where a channel breakthrough is possible;
  • DrawChannels - draw channels or trend lines (if enabled, channels are drawn);
  • DescendingChannelEnabled - enable/disable the display of a descending channel;
  • AscendingChannelEnabled - enable/disable the display of an ascending channel;
  • DescendingChannelColor - set descending channel color;
  • AscendingChannelColor - set ascending channel color.
Reviews 5
sunnychow
8692
sunnychow 2018.12.05 16:22 
 

Thanks for share. Great work

Tim Eubanks
5587
Tim Eubanks 2018.03.17 06:18 
 

Good channel indicator, nice tool to trade with.

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(Today price/2).   All signals. Smart trading system.  Popular indicators give two signals - BUY and SELL, and you have to choose and put Take Profit. Usually it works quickly and the trend goes in your favor, but the indicator is “silent” until the trend change. You miss most of the profit. The first idea of MaxiFinish : give a third signal - GET PROFIT (CLOSE) when the trend line changes the slope or the M15 and M30 stochastics have reached an extremum and the profit began to decline. If, o
63 USD
Currency Relative Strength
Currency Relative Strength
Ziheng Zhuang
This indicator shows the relative strength of 8 major currencies: USD, EUR, GBP, AUD, NZD, CAD, CHF and JPY. The strength value is normalized to the range 0-100: The value above 60 means strong. The value below 40 means weak.  This indicator needs the data of all 28 paris and 9 timeframes. Use the EA Downloadhistory28&9 to download data automatically. --> https://www.mql5.com/en/blogs/post/728216 Reference for calling it in EA :  https://www.mql5.com/en/blogs/post/730961 Inputs  (full scre
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Higher High Higher Close Lower Low Lower Close
Higher High Higher Close Lower Low Lower Close
Mark Flint
The HHHC-LLLC indicator uses candle by candle analysis, based on the principle of trend confirmation from Higher High, Higher Close candles (bullish) and Lower Low, Lower Close candles (bearish). There is no lag, no re-painting, and averaging is not used. HHHC-LLLC helps confirm: market structure and levels - look left to see them line up trends, pullbacks & reversals Bull moves (blue), Bear moves (red) Structure Zig Zags (black dotted lines), for summarizing market moves exhaustion and stalling
60 USD
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Volume Levels is a very important indicator for exchange trading. Most of the trades were performed on those levels. This indicator displays the price level that had the most trade volumes over a certain period of time. Often, the price bounces from those levels in the future, and it can be successfully used in trading. It works on any currency pair. Parameters HistoryBars - the number of bars to determine the near volume levels; Range - the maximum distance above and below the current price t
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Breakout Trend Lines MT5
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A breakout of a trend line, as well as a high or low, usually signals a change (or continuation) of the trend. This indicator displays lines at the highs and lows of the price, as well as finds and displays inclined trend lines. As soon as the price goes beyond the line and the candlestick closes, the indicator signals this with an arrow (you can also enable alerts). This indicator is easy to use, however, there are many trading strategies that are based on trendline breakouts. The number of ca
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Easy Channels MT5
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This indicator draws price channels. Easy to use. It has various settings, for example, you can configure it to show channels only for buy or sell, you can display trend lines instead of channels. There are many trading strategies that are based on trading in channels, you can trade on the rebound from the borders of the channels, or the breakdown of the channel.   Parameters History - the maximum number of bars for building channels; Distance - the minimum distance from one maximum (or minimum
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Doji Finder Indicator MT5
Doji Finder Indicator MT5
Alexander Nikolaev
The indicator analyzes the chart and identifies Doji candlesticks. Shows their appearance and signals the appearance of such a candle (if allowed in the parameters). Also, this indicator shows the strength of the reversal in the form of bars of different colors (the more green, the more likely the rise, the more red - the fall in price). The direction of the signal depends on the direction of the previous candles, as the Doji signals a reversal or correction. In the indicator settings, you can
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Breakout Trend Lines Free
Breakout Trend Lines Free
Alexander Nikolaev
Free indicator to quickly detect trendline breakouts and high or low of a price range. It displays lines based on the highs and lows of prices, and also finds and displays inclined trend lines. As soon as the price goes beyond the line and the candlestick closes, the indicator signals this with an arrow (you can also enable an alert). This indicator is easy to use and also free. The number of candles for defining trend lines as well as the high and low of the trading range is configurable. It w
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ADX Channel Indicator
ADX Channel Indicator
Alexander Nikolaev
This indicator forms a channel based on the readings of the ADX (Average Directional Movement Index) indicator, displays and informs the trader of a price reversal at the boundaries of this channel, and can also report when the price touches the channel boundaries. It also draws additional dotted lines, which depend on the readings of the + DI and -DI of the ADX indicator. It also has an option for filtering signals depending on the readings of the stochastic. The channel drawn by this indicato
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Easy Parabolic Sar
Easy Parabolic Sar
Alexander Nikolaev
The Expert Advisor places orders based on the points of the Parabolic Sar indicator. If your trading strategy utilizes this indicator, the EA will save you from the necessity to move your pending orders after every candlestick (e.g. 5 minutes or 1 hour) and will do it automatically. You can set the EA to open only BuyStop or only SellStop or both. Buy default both Buy and Sell are enabled. The EA does not use any indicators other than Parapolic Sar. Therefore you are to decide the time to run th
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ADX Channel
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ADX Channel is an indicator that plots the channel depending on the values of the ADX (Average Directional Movement Index) indicator. The resulting channel is a little similar to the Envelopes, but its lines depend on the market volatility. The sell trade is usually executed fast when the price touches and bounces from the upper line of the channel, buy - from the lower. It is recommended to trade when there is no significant news. The recommended timeframes: M5 - H1. The indicator is not design
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Break Lines
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Alexander Nikolaev
The indicator draws lines the the price highs and lows. Break through the high or low usually indicates trend change (or continuation). Once the price moves through a line, and the candlestick closes, the indicator draws an appropriate arrow (also, you can enable alerts). A deal should be conducted in the breakthrough direction immediately or after a slight rollback. It is best to trade following the trend on a larger timeframe. This indicator is easy to use, but nevertheless, there are many tra
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Volume Levels MT5 Free
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Alexander Nikolaev
This indicator is able to determine the price levels at which there was the most volume for the specified period of history. In the future, the price often bounces off such levels, and this can be successfully applied in trading. They are displayed as lines, some parameters for determining the levels can be adjusted. This indicator is simple, therefore, it does not report signals, and only builds levels on EUR/USD. Parameters HistoryBars - the number of bars to determine the near volume levels;
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Easy Candles
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This is a simple and free Expert Advisor that trades candlesticks. It compares several nearest bars and their volumes, and opens a trade based on that data. Unlike the professional version , it analyzes only 1 timeframe. The recommended timeframes for this EA are H1, H4, D1, it works with any currency pairs. The parameters always need to be optimized before trading, as well as after some period of trading. Input Parameters Lots - lot size (if Lots=0, then the lot will be calculated based on th
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Colored Candles Demo
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The demo version of the Colored Candles indicator - calculates the parameters of each candle, as well as its volume. After that, it paints the candles depending on their strength and direction. Bullish candles are colored green and bearish candles - red. The greater the power of the bulls or the bears, the brighter the color. You can change the colors if you want. The indicator helps to analyze the price movement, as well as market entry points. The more accurate signals are formed on the higher
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Volume Levels USDJPY
Volume Levels USDJPY
Alexander Nikolaev
Volume Levels is a very important indicator for exchange trading. Most of the trades were performed on those levels. This indicator displays the price level that had the most trade volumes over a certain period of time. Often, the price bounces from those levels in the future, and it can be successfully used in trading. This is a demo version that works only on the USD/JPY currency pair. To work on all currency pairs, install the full version: https://www.mql5.com/en/market/product/15888 Param
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Parabolic and divergence
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The Expert Advisor places pending orders by the points of the Parabolic Sar. The placement of orders depends on whether there is a divergence or a convergence on the Awesome Oscillator and RSI indicators, and also on the values of other indicators: MA, Stochastic, ATR. It can be configured to open only the BuyStop or only the SellStop orders, if necessary. By default, both buy and sell pending orders are placed. It is possible to set the time, when order placement is allowed. The Stop Loss and T
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Candlelight
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The Expert Advisor opens deals analyzing the last candle on several timeframes, as well as its volume and readings of many other indicators to ensure an accurate market entry. All indicators are customizable. Inputs Lots - lot size; Slippage - maximum allowable price deviation in points; Magic - unique identifier, use different magic numbers if multiple Expert Advisors run in your terminal; Max take profit - order closing price at a certain profit target; Mininum take profit - minimum profitab
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Easy Martingale
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The EA uses the martingale principle - it increases the lot after an unsuccessful trade. But unlike other experts based on this principle, the Easy Martingale increases the lot 4 times at most, so that the drawdown does not become critical for your deposit. With that, after 1 unsuccessful trade the entry conditions are tightened, just as after the 2nd failure. Also, each trade has a fixed stop loss, and it is recommended to set it close. Sometimes, it is better to lose a little 3 times, but then
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Week pullback
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The Expert Advisor opens trades only after the weekly candlestick closes. It determines how much the price moved in a week and opens a trade on Monday if the market opens in the opposite direction. It uses the "Va-bank" (All-in) strategy, which supposes that there will be a rollback on Monday after a strong weekly movement. At the weekends you can set the EA on the currency pair that moved the most points during the week, and optimize the EA specifically for this currency pair. The EA opens a tr
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Five timeframes Ichimoku
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The EA uses the signals of the Ichimoku indicator from multiple timeframes simultaneously. For a trade entry, from 1 to 5 different timeframes can be adjusted. It is not always necessary for all the indicators to show buy (or sell) to enter the trade. The number of the required signal for the entry can be configured. Also, to improve trading, other indicators are used, as well as the search for divergences. It is recommended to use the EA on the currency pairs with high volatility (for example E
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Micro Powers
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Alexander Nikolaev
The EA is designed for trading on short-term timeframes during slack price fluctuations. At the same time, it can determine when the price fluctuations are suitable for trading. It detects the divergences using a variety of indicators, it can determine the direction of the price movements on the minute timeframes. Use accounts with low spread when trading on the М1 timeframe. Designed for EUR/USD, but can be optimized for other currency pairs. It can accept indicator signals from multiple timefr
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Breakout Line
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The Expert Advisor enters the market at the breakout of a trading range high or low. In technical analysis, high or low breakout usually means the beginning of a new trend (or continuation of a previous one) and the good moment to enter the market in appropriate direction. The EA buys if the high of a trading range was broken and a candle closed above it. Selling is performed in the opposite case. The number of candles in a trading range can be configured. It also depends on the market volatilit
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Breakout and pullback
Breakout and pullback
Alexander Nikolaev
After breaking through the high or low of the trading range, the price often comes back about half the distance. This EA determines a good place to enter the market by trend, it opens a trade after a small rollback towards the trend. The number of candles in a trading range can be adjusted, like many other parameters. The trading range for determining the high and low depends on the current volatility of the market. The EA takes that into account, it can also automatically determine the appropri
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Volume Candles
Volume Candles
Alexander Nikolaev
Volumes are one of the most important factors of trading, as it is the high volumes that move the market in either direction. But there are very few standard indicators for volumes in MetaTrader 4. The Volume Candles analyses the volumes of the trades and displays candles depending on these volumes. The candle appears once the required number of volumes has passed during trading (the VolumeCandle parameter). If the candles close frequently and are thin, then the volumes on the market are current
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Micro Powers Pro
Micro Powers Pro
Alexander Nikolaev
Automatic Trading System designed for trading on smaller timeframes (М1-М15). It makes a large number of trades, determines when the price fluctuations are perfect for trading, detects divergences using different indicators. Designed for EUR/USD, but can be optimized for other currency pairs. Unlike the simple version of MicroPowers, this EA also implements the Martingale principle (increases the lot if the previous trade was in loss), which can be adjusted so that it is not critical for the dep
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Honeybee
Honeybee
Alexander Nikolaev
The Expert Advisor analyzes volumes before entering a trade. Major market players buy and sell large volumes and thus influence further price movement. Honeybee hunts for volumes just like for honey. When the market rises or falls, and suddenly there are volumes in the opposite direction, the EA opens a trade. You can configure the EA to open trades following the trend of a higher timeframe. If necessary, Stop Loss is moved to breakeven after the price moves a certain number of points. The EA ca
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Volume Levels Trading
Volume Levels Trading
Alexander Nikolaev
The EA trades based on the levels that have the greatest volume of performed trades. These levels are often the support and resistance for the price. The EA does not simply buy based on the level, but determines how the price bounces off it and with what volume. The sufficient number of parameters allow to configure this EA for virtually any currency pair. The timeframes can also be different, fromM1 (if the account spread is small enough) to H4, but the optimal settings will be very different f
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Trend Stream
Trend Stream
Alexander Nikolaev
The levels, where a large volume of trades has been formed, are very important in the technical analysis. It is also important to know the direction of the trend and its change. When a High is broken the trend is considered an uptrend, when a Low is broken - a downtrend. This provides a foundation for a good trading system. But now you don't have to do anything, such system has already been developed - the Trend Stream. The EA automatically detects the trend direction and makes trades based on t
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Signals 3 MACD
Signals 3 MACD
Alexander Nikolaev
The trading system is based on crossing 3 signal lines (with different parameters) of the MACD indicator. When all the lines are increasing, a buy order is opened (the opposite - sell order). The CCI indicator is required to avoid buying at the highest price but to but when the price decreases a bit, but there is still an uptrend. Also, the Stochastic and ATR serve as additional filters. The EA s easy to set up, but at the same time it shows good results on the short-term 5-minute timeframe. It
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EMA 8 and 18 Trading System
EMA 8 and 18 Trading System
Alexander Nikolaev
This EA implements the EMA 8/18 strategy, which is used by many traders. Brief description of the strategy: The Buy is determined when the EMA 8 indicator crosses the EMA 18 from below, with the price moving more than 50 points from the crossing. The buy position is opened when the price touches the EMA for the first time, after that, as the price rises, the trade is maintained by a trailing stop with a step of 30-35 points. The opposite is for opening a sell position. The parameters of the fast
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ProCandles
ProCandles
Alexander Nikolaev
Some experienced trades can tell where the price will go even without indicators, as the direction of the price can be found using the ordinary candlesticks. The EA compares several nearest bars and their volumes, and opens a trade based on that data. Also, it is able to analyze the candles on two timeframes at the same time to make the entry more accurate and less risky. In addition, the EA can automatically determine the take profit and stop loss size depending on the size of the previous cand
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Colored candles
Colored candles
Alexander Nikolaev
Some candles have a strong tendency to continue the movement or to revert it. With the help of the Colored candles indicator such movements are clearly visible. This indicator calculates the parameters of each candle, as well as its volume, and after that it paints the candles depending on its strength and direction. Bullish candles are colored green and bearish candles - red. The greater the power of the bulls or the bears, the brighter the color. You can change the colors if you want. The indi
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sunnychow
8692
sunnychow 2018.12.05 16:22 
 

Thanks for share. Great work

Matthew Todorovski
13236
Matthew Todorovski 2018.06.30 15:01 
 

1 Star (20%) = Bad

2 Star (40%) = Undecided

3 Star (60%) = Acceptable

4 Star (80%) = Good

5 Star (100%) = Excellente!

Tim Eubanks
5587
Tim Eubanks 2018.03.17 06:18 
 

Good channel indicator, nice tool to trade with.

Gennadiy Voltornist
11922
Gennadiy Voltornist 2017.05.27 20:57 
 

User didn't leave any comment to the rating

Maksym Mudrakov
25945
Maksym Mudrakov 2016.08.30 12:06 
 

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Version 1.1 2019.05.04
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