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Magic Channel MT5

Magic Channel MT5 is a channel indicator for the MetaTrader 5 terminal. This indicator allows finding the most probable trend reversal points.

Unlike most channel indicators, Magic Channel does not redraw.

The alert system (alerts, email and push notifications) will help you to simultaneously monitor multiple trading instruments.

Attach the indicator to a chart, and the alert will trigger once a signal emerges.

With our alerting system, you will never miss a single position opening signal!

The version for MetaTrader 4: https://www.mql5.com/en/market/product/26655.


Advantages

  • Perfect for scalping.
  • Excellent for identifying trend reversals.
  • Suitable for beginners and experienced traders.
  • Works on all timeframes.
  • The indicator does not repaint.
  • Flexible alerting system.
  • Chart customization (the size and color of lines).


Recommended symbols

USDCAD, EURUSD, USDCHF, AUDNZD, AUDCAD, GOLD.


Recommendations on usage

Buy when the price crosses the lower line of the indicator upwards (see screenshot 1, entry points are encircled).

Open Sell orders when the price crosses the upper line of the indicator downwards.

The indicator is best suited for intraday trading, on the timeframe from M5 to H4.


Parameters

  • Period - averaging period for calculating the indicator (key parameter).
  • PRICE - price for the indicator calculation (OPEN/CLOSE).
  • Coefficient - channel width ratio. The higher the value, the wider the channel.
  • Alert - enable/disable Alert.
  • Email - enable/disable sending e-mails.
  • Push - enable/disable sending messages to the mobile terminal.
  • clrUPPER - color of the upper indicator line.
  • clrLOWER - color of the lower indicator line.
  • Width - line width.


Developer

Evgeny Belyaev - professional programmer and successful trader.

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Tweezer Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The standard Tweezer is a two bar pattern. Our enhanced version is a multi-bar pattern. We filter the patterns for you so that you only get the       best and most effective patterns   and ignore the noise. The Tweezer pattern is a simple and effective pattern to trade. The strategy that comes with the Tweezer is based on price action. The indicator does what he was designed for
147 USD
Naked Forex Tweezer Pro Indicator for MT5
Renaud Candel
Tweezer Pro Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The standard Tweezer is a two bar pattern. Our enhanced version is a multi-bar pattern. We filter the patterns for you so that you only get the   best and most effective patterns   and ignore the noise. The Tweezer pattern is a simple and effective pattern to trade. The strategy that comes with the Tweezer is based on price action. The Tweezer Pro version let users
177 USD
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Version 2.0 2020.09.14
Update for new builds at the request of the terminal developers: https://www.mql5.com/en/forum/342948