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PipTick Channel MT4

PipTick Channel shows the important retracement levels for a certain period of time. These levels are determined based on the current price range and correspond to values of 23,6, 38,2, 50, 61,8 and 76,4 % of the move. In essence, this indicator produces reliable pivots which form a very strong levels of support and the resistance. It is also a very good helper for determining the current trend.


Main features

  • The indicator shows the important retracement levels
  • Simple determinitation of the current trend
  • Works on every timeframe (M1, M5, M15, M30, H1, H4, D1, W1, MN)
  • The indicator is non-repainting
  • Ready for backtesting
  • Customizable parameters (Colors, Line thickness, period...)
  • Ideal tool for all kinds of trading (Scalpers, intraday traders...)
  • Very fast calculation
  • Can be used for creating EA
  • Available for MT4 and MT5


Input parameters

  • Channel_Period - Period for calculation of the indicator
  • Visibility_High - Allows to enable or disable displaying of the high of range line
  • Visibility_Higher_Line_2 - Allows to enable or disable displaying of the higher line 2
  • Visibility_Higher_Line_1 - Allows to enable or disable displaying of the higher line 1
  • Visibility_Mean - Allows to enable or disable displaying of the midpoint of range line
  • Visibility_Lower_Line_1 - Allows to enable or disable displaying of the lower line 1
  • Visibility_Lower_Line_2 - Allows to enable or disable displaying of the lower line 2
  • Visibility_Low - Allows to enable or disable displaying of the low of range line
  • Color_High - Color of the high of range line
  • Color_Higher_Line_2 - Color of the higher line 2
  • Color_Higher_Line_1 - Color of the higher line 1
  • Color_Mean - Color of the midpoint of range line
  • Color_Lower_Line_1 - Color of the lower line 1
  • Color_Lower_Line_2 - Color of the lower line 2
  • Color_Low - Color of the low of range line


Outputs parameters

  • High - Value of the high of range
  • Higher_Line_2 - Value of the higher line 2
  • Higher_Line_1 - Value of the higher line 1
  • Mean - Value of the midpoint of range
  • Lower_Line_1 - Value of the lower line 1
  • Lower_Line_2 - Value of the lower line 2
  • Low - Value of the low of range

For more information, visit the PipTick Channel product page.

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