• Overview
  • Reviews (1)
  • Comments (6)
  • What's new

Lines Channel Pro

The Lines Channel Pro indicator determines the price reversals from the High / Low channel. Contains a built-in trend identifier and channel signal lines.

Explanation of parameters.
Use Channel trend filter - Enables the channel filter, inside which the input signals are calculated.
Lines Period - Specifies the period for building the channel lines.
Averaging Period - Averaging period of the lines, adjusts the balance between the signal line and the non-signal zone.
Price Method Calculating - The choice of calculating the construction of lines, there are 3 methods:
  1. Close - Calculation for closing the bar.
  2. High / Low - Calculation based on the Max / Min price of the bar.
  3. MA - Calculation of the moving average.

Noise Level - The noise level used to reduce false signals when calculating lines with arrows.
Recommended timeframe for work M15 - H4. for each timeframe and trading instrument, individual settings must be selected depending on the volatility. Not redrawn.


Input parameters

  • Use Channel trend filter - Turn on / off the trend filter
  • Channel Filter Period - Trend filter period (from 10 and above)
  • Lines Period - The period of the signal lines. (from 2 and above)
  • Averaging Period - Averaging period of lines
  • Price Method Calculating - Choosing a method for calculating
  • Noise Level - Noise reduction level for line calculations
  • Alert for signals
  • Play sound - Sound alert
  • Display pop-up message - pop-up messages on the screen
  • Send push notification - Push Notification
  • Send email - Email alert
  • Sound file signal - Sound file for inputs
  • Sound file stop - Sound file for outputs
  • Number Bars - The number of indicator bars on the chart
Reviews 1
Bilalkhan19
197
Bilalkhan19 2019.03.25 17:49 
 

This is a wonderful indicator and i think its logic is much better than thousands of indicators available out there. Everyone should try it out. The author Vitalyi Belyh is also very responsive and always open to suggestions about his products. Keep it up author.

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Bilalkhan19
197
Bilalkhan19 2019.03.25 17:49 
 

This is a wonderful indicator and i think its logic is much better than thousands of indicators available out there. Everyone should try it out. The author Vitalyi Belyh is also very responsive and always open to suggestions about his products. Keep it up author.

Version 9.0 2020.02.01
Updating style and calculation methods
Version 8.1 2019.09.15
Parameter Changes
Version 8.0 2019.08.26
Updating parameters and calculations.
Version 7.50 2019.06.20
Adding new parameters, optimization calculations.
Version 7.0 2019.06.06
General processing indicator.
Version 6.0 2019.06.01
Completely reworked Channel filter.
Optimized settings, fixed bugs.
Version 5.0 2019.03.22
Improvements in calculations, added Filter period parameter for "Channel filter".
Version 4.0 2019.01.06
Parameters "Price Method Calculating" were slightly improved, method 4 was added, using High / Low and MovingAverage in calculations.
Reworked "Channel filter", simplified and automated settings.
Version 3.0 2018.12.11
The calculation of the Level noise parameter has been reworked; now it is calculated not by ATR, but by price points. Also added is the Level noise filter parameter,
to optimize the included filter.
Version 2.0 2018.12.07
The Channel filter function has been completely redesigned, Level noise has been added to optimize the calculations, minor changes in the design.