HTR Channel

HTR Channel is a trend-following indicator for MetaTrader 5 that combines HalfTrend-style trend detection with ATR-based channel bands. It helps identify trend direction, dynamic support/resistance, and potential Buy/Sell entries.

Features:

  • HalfTrend trend line (green/red)

  • ATR High/Low channel bands

  • Up/Down ribbon fills

  • Buy/Sell arrows and labels

  • Optional bar coloring

  • Terminal alerts

  • Dark/Light chart theme

  • Adjustable Amplitude & Channel Deviation

  • Works on all symbols and timeframes

How to Use:

  • Buy signal: green arrow/label, uptrend

  • Sell signal: red arrow/label, downtrend

  • Best used with price action or other confirmation

  • Signals are confirmed on bar close

Inputs:

  • Amplitude

  • Channel Deviation

  • Show Arrows / Channels / Labels

  • Bar Coloring

  • Alerts

  • Theme Colors


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