Auto Parallel Channels MT5
- Indicators
- Version: 1.0
Automatic parallel channel builder from market structure — no manual drawing, the channel follows price by itself.
• The algorithm tracks the last three pivots (2 highs + 1 low or 2 lows + 1 high), draws the main ray through two of them and a parallel ray through the third, plus a mid line.
• Channel color reflects the slope: ascending or descending at a glance.
• HH / HL / LH / LL structure labels on pivots.
• Update modes: on HTF bar close, on chart bar close, or on every tick.
• Multi-timeframe: channels from several TFs on one chart.
• Channel line touch alerts (off by default).
On-chart control panel: draggable panel with TF selection and a settings window — 11 interface languages, dark and light themes, 18-color palette, panel scale 30–300%. All settings are saved automatically.
If you run into any problem or bug, please contact me — I will fix it quickly. And please leave a review: your feedback helps me keep making quality tools for you.

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