• Overview
  • Reviews (1)
  • Comments (11)
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BiB Channel

The main objective of the indicator is an accurate forecast of short-term trends. A rising channel is usually broken downwards and replaced with a falling one when confirmed by tick volumes, while a falling one is usually broken upwards and replaced with a rising one again when confirmed by tick volumes. Sometimes, upward and downward channels are replaced with flats. A channel width and duration are defined by the market situation and market phase (bullish or bearish). In our case, tick volumes define a degree of channel exiting activity (rather than real data on market makers' positions), thus defining sentiments of major market makers. CBP (channel breakout price) is a compromise price of major market makers. After the price exits the channel, the price tests:

  1. CBP level
  2. Broken channel border
  3. Channel center

The proportion of tests feels like 60-30-10. This channel construction method eliminates "free" price interpretation and multiple channel drawing options permeating the modern technical analysis. The indicator clearly defines the channel borders and finds the most important price point (CBP), relative to which a new trend starts developing.

It also implements automatic Elliott wave analysis and applies Gann tools (fan and swings). More visibility in displaying channels, critical price levels, wave and market tops and bottoms allows traders to clearly understand the current market sentiment BULL(BEAR) MARKET enabling them to make the following important decisions:

  • Clearly define the market entry point;
  • Follow a trend;
  • Hold a position till a market reversal signal arrives informing of market extremes - BULL(BEAR) MARKET;
  • Implement the "let profits run" principle;
  • The Gann fan allows you to see resistance levels and forecast potential market tops accurately;
  • Position volume auto calculation depending on the breakout prices, local extreme values and accepted risk % simplifies trading both for newcomers and professionals;
  • The indicator analyzes waves and their labels ensuring their correctness.

The indicator can be used as a ready-made trading system featuring market filters. Besides, it can be used for the development of short- and medium-term strategies.


  • MinBars = 2 - minimum number of bars for the channel construction
  • DrawFan = true - draw the fan
  • UseMonoColor = false - use only one color
  • MonoColor = clrBlue - fan color
  • Filling = false - filling
  • Fill_Lighting = 0.9 - make the filling lighter
  • BarsCount = 1000 - number of bars for calculation
  • Channel_Color = clrBlue - channel color
  • Line_Color = clrRed - channel border color
  • Line_Width = 3 - channel border width
  • Entry_Label_Color = clrYellow - channel breakout price label color
  • SL_Label_Color = clrRed - stop loss label color
  • Label_Size = 2 - label size
  • Waves_Up_Color = clrLime - upper wave display color
  • Waves_Down_Color = clrRed - lower wave display color
  • Waves_Text_Size = 14 - text size
  • Show_MM = true - show lot calculation
  • Risk = 1.0 - risk percentage of an equity
  • Show_Fan_Alert = false - notify of a new wave
  • Show_ChannelBreak_Alert = false - notify of a channel breakout
  • AlertON = true - channel breakout on-screen alert
  • SoundON = true - channel breakout audio alert
  • EmailON = false - channel breakout email alert
  • NotificationON = false - channel breakout push notification
Reviews 1
jmhuang 2020.11.27 02:45 

indicator is excellent comes from programmer as well as trader - he understands the market. Gann Fan is a bonus and vital part of the indicator strategy. The indicator has been updated to enable all the lines and channels to be customizable to one's taste. The Gann fan is very accurate - one of my top ten indicator among hundreds I own and one i now must have on my screen.

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VTrende - МТФ индикатор для трендовой торговли с панелью индикации для МТ5 !!! - Подробное описание на русском языке под видео (на Youtube) - !!! Хотя сигналы индикатора VTrende можно использовать, как сигналы полноценной торговой системы, рекомендуется применять их в связке с ТС Билла Вильямса. Основная задача индикатора - определить точки изменения направления тренда. Сигнал индикатора появляется в двух вариантах: На опережение - когда тренд заканчивается На продолжение - когда тр
497 USD
Remi Passanello
PipsMinerFast is mainly a trend follower with a bit of price action. At first sight, you will think: "Oh well, one more indi showing everything I've missed today but not giving a clue about what will happen..." Okay, you can believe this when just looking at it but start a test it and you will see that PipsMinerFast: Shows you the trend immediately Is not repainting Has minimum lagging Counts pips immediately Adapts to your spread level Works from M1 to H1 Is heading in the right direction 90% o
120 USD
Supply and Demand Dashboard PRO
Bernhard Schweigert
CURRENTLY 20% OFF !! ⭐⭐⭐⭐⭐  This DASHBOARD is a very powerful piece of software working on multiple symbols and up to 9 timeframes. It is based on our main indicator (Best reviews:  Advanced Supply Demand ). The new DASHBOARD gives a great overview. It shows: filtered Supply and Demand values including zone strength rating, pips distances to/and within zones, it highlights nested zones, it gives 4 kind of alerts for the chosen symbols in all (9) time-frames. It is highly configurable for your p
199 USD
Equilibrium Fractal Wave Analytics MT4
Young Ho Seo
EFW Analytics was designed to accomplish the statement "We trade because there are regularities in the financial market". EFW Analytics is a set of tools designed to maximize your trading performance by capturing the repeating fractal geometry, known as the fifth regularity in the financial market. The functionality of EFW Analytics consists of three parts including: Equilibrium Fractal Wave Index: exploratory tool to support your trading logic to choose which ratio to trade Superimposed Pattern
200 USD
Oleg Borisov
The easy-to-use trading system SmartScalper generates the following signals: BUY SELL close BUY close SEEL SmartScalper works on the М15 timeframe and is optimized to work on GBPUSD, XAUUSD, GBPJPY, EURJPY, EURUSD. 12 different sets of trading algorithms are designed for trading (6 buy and 6 sell trades), which can be quickly selected by the trader using buttons in the indicator window, or are set in the input dialog. The efficiency of the trading algorithms chosen by the trader is measured in r
260 USD
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Colour bars
Siarhei Baranouski
This is a simple utility for visual market analysis. Users can select trading day and time. Bullish candles located within the necessary time interval are shown in green, while bearish ones - in red. Candles outside of the trading time interval are shown in gray and dark gray. Parameters Trade_Time = "00:00-00:00" - enter trading time. TradeSunday - trade on Sunday. TradeMonday  - trade on Monday. TradeTuesday  - trade on Tuesday. TradeWednesday  - trade on Wednesday. TradeThursday  - trade on
Triangles pattern
Siarhei Baranouski
The indicator is designed for finding the "ascending" and "descending" triangle patterns on the chart, followed by the breakout of the triangle base. The indicator also determines the take profit and stop loss levels, in order to know when to exit the position. In my opinion, when using the "Confimed Break" mode, after a signal appears it is best to wait for a small rollback to the base of the triangle and open the position. But when using the "Live Break" or "Live Break with ReEntry" mode, it i
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Angle of MA
Siarhei Baranouski
The indicator calculates the inclination angle of the Moving Average and displays the result on the screen. Users can select the start and end points to measure the inclination of the MA. It is also possible to set the angle value, and if the inclination angle exceeds the specified value, the indicator will play a sound alert and display a message on the screen. Configurations Left_Shift_of_MA=1; - Shift of the MA to calculate the inclination angle (start point) Right_Shift_of_MA=0; - Shift of
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Pin Bar Detector with Filters
Siarhei Baranouski
The indicator finds the Pin bars on the chart, perhaps, the most powerful Price Action pattern. The indicator has additional filters, and the user can: specify all parameters of the pin bar size as a percentage of the total candle size (minimum length of the large wick, maximum values of the short wick and body size). set the number of fractals for the last N bars, the Pin bar is based on, i.e. define the support/resistance levels. specify the required number of bearish/bullish bars before the P
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Trend Helper
Siarhei Baranouski
The indicator should be used to confirm your trade system, it is not an independent thing for trading, you need to remember this. The indicator is as simple to use as possible and is based on the classic trend definition: 1. Each subsequent maximum is higher than the previous one for the uptrend. 2. Each subsequent low is lower than the previous one for a downtrend. 3. The trend changes when the last high / low breaks through. The indicator is MTF, i.e. if you are working on M30, you can cho
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Harmonic patterns with table
Siarhei Baranouski
This indicator searches harmonic patterns on different TFs, and can track patterns in real time on all TFs for seted symbols. High and Low points for patterns defined by Bill Williams method, not by Zigzag or Fractals, it's more clear signals. Important input parameters: Where patterns search   : "Current symbol" - searches patterns on the current symbol; "Seted symbols" - indicator creates table with seted symbols. Allowable percent of deviation   : percent of deviation from perfect pattern Sym
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jmhuang 2020.11.27 02:45 

indicator is excellent comes from programmer as well as trader - he understands the market. Gann Fan is a bonus and vital part of the indicator strategy. The indicator has been updated to enable all the lines and channels to be customizable to one's taste. The Gann fan is very accurate - one of my top ten indicator among hundreds I own and one i now must have on my screen.

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Version 1.21 2020.11.29
1. Added functionality to make channel transparent and choose line style
2. Added functionality to choose corner for labels "market direction" and "MM"
Version 1.2 2016.11.23
1. Added indication of waves
2. Added Fibonacci fan with proprietary levels
Version 1.1 2016.10.28
Fixed drawing lines along the channel.