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Channel Architect Indicator MT5

30 USD

Demo downloaded: 38

Published: 29 December 2017

Current version: 1.11

Channel Architect Indicator MT5

Indicators
Torsten Hempel
Version: 1.11
Activations: 9

This indicator calculates and draws lines over the chart. There are two types of channels:

Channel A: the mainline is drawn using local lows for uptrends and local highs for downtrends
Channel B: the mainline is drawn using local highs for uptrends and local lows for downtrends

The parallel lines of both types are built using the max. fractal between the base points of the mainline. There are a few conditions, which have to be fullfilled and can be changed by the parameters (see also picture 4):

MinBarAge: the count of bars to the last base point of a line is called BarAge and has to be greater than the parameter MinBarAge
MinLength: the length of the line starting at the first base point is measured in bars and has to be greater than MinLength
MinLenfac: the ratio of the length between the base points of the mainline and the length of the whole line has to be greater than MinLenfac
MaxPostBreakfac: the ratio of bars since the line was broken (PostBreak) and the unbroken line length has to be less than MaxPostBreakfac

One feature of the utility is that the lines will fade out with incoming bars if they are near to the point that they do not fulfill the conditions (e.g. line is broken and PostBreakfac gets too big). That makes it easier to differ the lines. So the next parameters are just for visual effects:

LineColor sets the main color of the lines
ColorFadefac represents the color intensity at the point the conditions are scraped through; 0 means main color, 1 means background color
FadeFac is similar to MinLenfac and sets the ratio, when to start the fadeout

The indicator works on all currency pairs and timeframes.

more...

Screenshot #1 Channel Architect Indicator MT5

Screenshot #2 Channel Architect Indicator MT5

Screenshot #3 Channel Architect Indicator MT5

Screenshot #4 Channel Architect Indicator MT5

Screenshot #5 Channel Architect Indicator MT5

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This indicator calculates and draws lines over the chart. There are two types of trends: Trend A: the line is drawn using local lows for uptrends and local highs for downtrends Trend B: the line is drawn using local highs for uptrends and local lows for downtrends There are a few conditions, which have to be fulfilled and can be changed by the parameters (see also picture 4): MinBarAge : the count of bars to the last base point of a line is called BarAge and has to be greater than the parameter

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This EA keeps an eye on drawn lines and opens orders according to a specification. Together with the included tool Trendline-Architect, which calculates and draws lines over the chart, it is a fully automatic EA. There are two types of trends: Trend A: the line is drawn using local lows for uptrends and local highs for downtrends Trend B: the line is drawn using local highs for uptrends and local lows for downtrends A few conditions have to be fulfilled. To understand and change the pa

50 USD

This utility calculates and draws lines over the chart. There are two types of channels: Channel A: the mainline is drawn using local lows for uptrends and local highs for downtrends Channel B: the mainline is drawn using local highs for uptrends and local lows for downtrends The parallel lines of both types are built using the max. fractal between the base points of the mainline. There are a few conditions, which have to be fullfilled and can be changed by the parameters (see also picture 3): t

30 USD

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