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Channel Detector Indicator

99 USD

Demo downloaded: 2

Published: 27 June 2026

Current version: 1.0

Channel Detector Indicator

Indicators
Elham Afsharpour
Elham Afsharpour
Germany

1282
5 (3)
I am an experienced trading software developer with 8 years of programming experience, especially in Python, C++, and MQL5. During the last 2 years, I have focused mainly on developing Expert Advisors, custom indicators, trading tools, and automation systems for MetaTrader.

8 products
Version: 1.0
Activations: 5

ATD Channel Pattern Detector is a MetaTrader 5 indicator for detecting and drawing price channels directly on the chart.

ATD Channel Pattern Detector is a visual technical-analysis tool designed to identify possible ascending, descending, and horizontal channel structures based on price movement. The indicator scans historical bars, detects channel formations using its internal pattern-detection logic, and draws the detected channel lines on the chart.

This indicator is not an Expert Advisor. It does not open, close, or manage trades. It only analyzes the chart and displays detected channel structures visually. It can be used as an additional tool for manual chart analysis, discretionary trading, market-structure review, and technical-analysis confirmation.

The indicator can draw detected channels using separate colors for bullish, bearish, and neutral structures. It also includes optional popup, sound, and email alerts when a new channel is detected.

Main Features

Detects price channel structures on the chart
Draws channel lines automatically
Supports bullish, bearish, and neutral channel colors
Works directly on the selected chart symbol and timeframe
Optional popup alert
Optional sound alert with embedded sound resource
Optional email alert through MetaTrader 5 email settings
Clean input groups for easier setup
Indicator-only tool; no trading operations are performed

How It Works

The indicator analyzes recent price data and searches for channel-like structures using the selected search range and detection parameters. It checks whether price swings form a valid channel according to the configured rules, including the number of bars, symmetry, matching ratio, threshold, and angle difference.

When a valid channel is found, the indicator draws the channel lines on the chart. The channel color depends on the detected channel direction:

Bullish channel: shown with the bullish color
Bearish channel: shown with the bearish color
Neutral channel: shown with the neutral color

If alerts are enabled, the indicator can notify the user when a new channel is detected. Alerts are triggered only when a new channel appears, helping to avoid repeated duplicate alerts on the same candle.

Inputs

Search Settings

Look Back Bars
Sets how many candles the indicator scans when searching for channel patterns. A higher value allows the indicator to analyze more historical data, while a lower value focuses only on recent market structure.

Channel Detection

Threshold
Controls the sensitivity of channel detection. Lower values may detect more patterns, while higher values make the detection stricter.

Minimum Bars
Sets the minimum number of candles required for a valid channel pattern.

Maximum Bars
Sets the maximum number of candles allowed for a detected channel pattern.

Symmetry
Controls how balanced the detected channel structure should be. Higher values make the channel validation stricter.

Pair Matching Ratio
Defines how closely the selected swing points should match the channel structure. Higher values require stronger matching between channel points.

Angle Difference
Sets the allowed difference between channel line angles. Lower values require the channel lines to be more parallel.

Line Colors

Bullish Channel Color
Color used for bullish or upward channel structures.

Bearish Channel Color
Color used for bearish or downward channel structures.

Neutral Channel Color
Color used for neutral or sideways channel structures.

Alerts

Popup Alert
Enables or disables MetaTrader 5 popup alerts when a new channel is detected.

Sound Alert
Enables or disables sound alerts when a new channel is detected. The sound is embedded in the indicator, so users do not need to manually copy a sound file.

Email Alert
Enables or disables email alerts. To use this option, email must be configured correctly in MetaTrader 5 under Tools → Options → Email.

Notes

This is a visual indicator only.
It does not execute trades.
It does not manage orders or positions.
It does not use martingale, grid, recovery, or money-management logic.
Alerts do not work in the Strategy Tester because MetaTrader 5 does not execute real popup, sound, or email alerts in tester mode.
For email alerts, the user must configure SMTP email settings in MetaTrader 5.
The indicator should be tested on the user’s preferred symbols and timeframes before being used as part of any trading decision.

Suggested Usage

ATD Channel Pattern Detector can be used to review market structure and identify possible price channels. Traders may use the drawn channels as an additional visual reference for support, resistance, trend direction, consolidation areas, or breakout analysis.

The indicator is suitable for traders who prefer clean chart-based analysis and want an automatic way to highlight possible channel structures without manually drawing every channel.

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note: this indicator is for METATRADER4, if you want the version for METATRADER5 this is the link: https://www.mql5.com/it/market/product/108106 TRENDMAESTRO ver 2.5 TRENDMAESTRO recognizes a new TREND from the start, he never makes mistakes. The certainty of identifying a new TREND is priceless. DESCRIPTION TRENDMAESTRO identifies a new TREND in the bud, this indicator examines the volatility, volumes and momentum to identify the moment in which there is an explosion of one or more of these da

988 USD

Professional Renko Chart MT5 Professional Renko Chart MT5 is a clean MetaTrader 5 Renko chart indicator designed to display Renko bricks in a separate indicator window, with optional Renko box visualization directly on the main price chart. The indicator is built for traders who want a familiar Renko chart style inside MetaTrader 5, similar to the Renko chart visualization available on popular modern charting platforms such as TradingView. It converts normal time-based candles into Renko bricks

30 USD

A clean MT5 structure-based trend detector with visual trend arrows, valid pivot markers, and optional structure areas. STS Structure Trend Detector is a clean MetaTrader 5 indicator for detecting market trend direction from price structure. STS Structure Trend Detector is designed for traders who want a simple visual tool to follow the current market structure directly on the chart. The indicator analyzes valid highs and lows, detects structural trend changes, and displays the result with clear

450 USD

NewsGuard Pro for MetaTrader 5 NewsGuard Pro is an economic-news filter, trading guard, chart dashboard, and position-protection Expert Advisor for MetaTrader 5. It monitors economic events related to selected symbols and currencies, blocks trading during configurable news periods, detects abnormal spreads, displays upcoming events on the chart, and can protect existing positions. NewsGuard Pro does not generate trading signals or open positions. It works as a protection layer for manual traders

199 USD

Trend Fusion MTF Trend Fusion MTF is a multi-timeframe trend and market-structure indicator for MetaTrader 5. It analyzes up to six selected timeframes independently and displays their current direction in a clean chart panel. Each timeframe can have its own weight, allowing higher timeframes to have more influence on the final trend-power result. The indicator uses confirmed price pivots and market-structure patterns, including BOS and CHOCH, to classify each timeframe as: Uptrend Downtrend Neu

199 USD

Telegram Trade Publisher for MT5 Publish MetaTrader 5 position activity directly to your own Telegram chat, group or channel with customizable messages, chart screenshots and organized trade updates. Telegram Trade Publisher is a monitoring and publishing utility for traders, signal providers and trading communities. It observes positions across the MT5 account and reports selected events through the Telegram Bot API. The utility does not open, close or modify trades. Main features New-position

399 USD

See the Complete Market Picture from One Chart Multi-Symbol Market Regime Radar Pro is an advanced market scanner for MetaTrader 5 that analyzes multiple symbols and timeframes simultaneously. Instead of switching between many charts, the dashboard provides a clear overview of market direction, trend strength, confidence, volatility and higher-timeframe agreement in one organized panel. The indicator does not depend on a single moving average or oscillator. It combines six independent analytical

699 USD

Understand Where Price May Search for Liquidity Liquidity Reaction Map MT5 is a chart-based market analysis indicator that identifies potential buy-side and sell-side liquidity areas from confirmed price structure. It combines swing points, equal highs and lows, previous daily and weekly levels, session extremes and round prices into an organized liquidity map. Nearby levels can be merged and ranked according to their strength, proximity and source confluence. The indicator helps traders study

399 USD

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Channel Detector Indicator

Elham Afsharpour