• Overview
  • Reviews (16)
  • Comments (41)
  • What's new

CAP Channel Trading

The CAP Channel Trading is a volatility-based indicator that makes use of the “advanced envelope theory”. These envelopes consist of two outer lines. Envelope theory states that the market price will generally fall between the boundaries of the envelope (or channel). If prices move outside the envelope, it is a trading signal or trading opportunity.


How to trade

Basically CAP Channel Trading can be used to help identify overbought and oversold conditions in a market. When a market’s price is close to the upper band, the market is considered overbought (buying area). Conversely, when a market’s price is close to the bottom band, the market is considered oversold (selling area). Indicator give you arrow signal when price try to reversal. It is recommended to open positions when the price comes 30 points or closer to the channel border.

However, this study can be used to help determine the strength of a price trend. Some traders use a market price move and price close that is above the upper band of the CAP Channel Trading as a buy signal, and use a push below and price close below the lower band as a sell signal.

An advantage of CAP Channel Trading indicator compared to other channel indicators is that market lag is not as pronounced because CAP Channel Trading are extremely sensitive to fluctuations in volatility.

By varying the bands on the most recent average daily price range, the channels will naturally be a greater distance from the market when the price swings are wide than when they are narrow. However, they will stay at a much more constant width than other envelope methods.


Supporting EA

You can be use this indicator for initial trade our's below EA


Input Parameters

  1. Configurations
    • Deviations- Band deviations.
    • Interpolate- Interpolate Mode identifies minimize channel levels. We recommend using it if you are an intraday trader.
    • Minimum Bar Redraw - Minimum to re-calculate to draw the channel.
    • Show Analysis Report - Show analysis repost on chart.
    • DisplayProfits - Display profit of every signal on chart.
  2. Notification
    • Signal Bar- work on the current bar / work on closed bars.
    • Enable Pop-Up Alerts: You will get an alert message in your MetaTrader 4 platform.
    • Enable Email Alerts: You will get an e-mail if you set up the correct e-mail settings for your e-mail provider at your MetaTrader 4 platform.
    • Enable Push Alerts: You will get a notification on your mobile device if you set up the mobile notification settings of your MetaTrader 4 platform.
    • Enable Sound Alerts: You will get an audio notification in your MetaTrader 4 platform.
    • Sound File Name (For Long): Enter the name of a sound file to hear an individual audio notification. The selected sound file must be installed in the “Sounds” directory of your MetaTrader 4 platform.
    • Sound File Name (For Short): Enter the name of a sound file to hear an individual audio notification. The selected sound file must be installed in the “Sounds” directory of your MetaTrader 4 platform.


Author

Mohammad Ali, technical analyst and speculator, software engineer and founder of Capilta Business Solutions.

Dmitry Karagusov
150
2017.12.15 17:03 
 

User didn't leave any comment to the rating

Sergey Zhuravkov
1477
2017.12.08 20:01 
 

Ох уж эти бесплатные индикаторы)))

Igor Dervuk
660
2017.12.08 16:44 
 

Отличный индикатор на Н1 и Н4 !

MirkL
24
2017.11.30 10:31 
 

Helpful indicator! Great! Thanks

phil7433
25
2017.11.01 09:53 
 

sehr schon hochwertige Signale

Andrey Litvichenko
7615
2017.10.29 05:11 
 

User didn't leave any comment to the rating

makita
394
2017.10.07 14:56 
 

User didn't leave any comment to the rating

laser300
168
2017.09.28 12:03 
 

Хороший индикатор. Рекомендую как новичкам так и опытным трейдерам.

Gennadiy Voltornist
8713
2017.09.03 18:12 
 

User didn't leave any comment to the rating

gutentag
76
2017.08.24 11:33 
 

Works just fine for me

Fxpro Trader Technical
356
2017.08.17 15:40   

Please Beware this is a repaint indicator and is another garbage created by this seller to suck you in, don't be fool and waste your 10 for this simply nonsense not working indicator, very unsatisfying customer!!! Never come back

Sjoerd Hof
153
2017.07.29 18:25 
 

Good and easy to use indicator! I use this with a grid martingale system on different time frames and several currency pairs. Going with the trend has the best results and stay out of big news events on the smaller timeframes.

chao tang
374
2017.05.07 14:08 
 

指标很不错,谢谢开发者!

privatforex
251
2017.04.10 19:11 
 

Good indicator. Provides a quick overview of the range of the market. I have good results when I follow the trend and watch also the higher timeframes.

Richard Caughell
898
2017.04.09 14:44 
 

Indicator is bugged out, repaints, and the statistics it gives on the side are very inaccurate. The developer is trying to fool traders. Besides you cant even backtest it to see how it does.

JustUncleL
97
2017.04.01 06:48 
 

This is a great Channel based indicator. The alerts generated are good entry points, I get better results though by taking the trades that follow the slope, I will only take both long & short when channel flat and ranging. I use it in combination with the CAP Zone Recovery EA Pro and I don't trade near major news events.

Version 2.10 - 2017.03.02
-Fix some bugs.
-Improve logic.
-Add Analysis Report On chart.