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ThreePointsChannel

The principle of construction - on top of any number of bars set by the user, a channel is constructed with maximum and minimum lines so that the bars touch the maximum and minimum of the channel at exactly three points. The name of the indicator follows from this principle. Both vertical lines can be moved along the graph by the user, thus specifying the period on which the channel is built. After a specified period, channel rays are drawn that define a channel in which the price can move.


In the picture, the ThreePointsChannel channel is built on top of the bars between two vertical dashed lines. The three points along which the channel is built are marked with red circles. In the period between the two lines, the channel may redraw. The indicator has a parameter that prohibits redrawing. The right vertical dotted line shows a bar, after which the channel does not redraw. On the picture the green circle marks the moment when the price was in the overbought zone, a moment suitable for opening positions down. Blue circles mark the oversold zone, a moment suitable for closing positions down. The parallel lines inside the channel are the channel levels. By default, the Indicator takes the distance between the two main lines of the channel for 100% and draws lines of 23.6% (dotted line), 50% and 76.4% (dotted line) inside the channel. The percentage that the indicator uses to draw the channel is determined by the indicator parameter.

Indicator parameters:

Redraw - allows redrawing of the channel in the interval between two vertical lines, set by the user.

Coeff - determines the distance of the overbought and oversold channel as a percentage of the channel boundaries, is drawn with a dotted line.

Color - the parameter sets the color of all lines.

InputBar - sets the bar of the right vertical line on which the indicator will be initialized

Length - the distance between the left and right vertical line in bars.

The InputBar and Length parameters are responsible for the period in which the channel is initialized. After initialization, the user can move both vertical lines to adjust the period on which the channel is built.

Version 1.1 - Added channel angle calculation

Version 1.2 - Moved Angle text to first vertical line

Version 1.3 - Added indicator buffer for Angle value - indicator buffer index 5, array index 0

Version 1.4 - Resolved deinit issue

In test mode, moving vertical lines is not possible due to the built-in limitations of the MetaTrader platform.
Reviews 3
Kagivada Kestutis
186
Kagivada Kestutis 2021.06.04 09:04 
 

Дмитрий, большое вам спасибо! 10+

MAHMOUD SHWAISH
2549
MAHMOUD SHWAISH 2021.02.09 17:09 
 

thank you Dimitr for brilliant job , hope to continue updating this for future . thanks

Tarun Chaudhry
2900
Tarun Chaudhry 2018.12.02 16:33 
 

Surely a very very useful tool.

The Author is supportive out of the way.

Cannot ask for more.

Product does exactly what it says.

This is an edit. I had to come back and say this:

You cannot understand the benefits of this indicator without actually using it fully in live.

If you trade manually or semi manually, you need this for sure.

Awesome work.

Disclaimer: I am in no way related to the author.

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ROFHIWA BRUCE NTHULANE
This is a supply and demand indicator, it identifies all the supply and demands for you and tells you the direction for each timeframe, draws BOS(break of structure line) and QM Lines. The Indicator is smooth and fast, just switch time frames and all the analysis will be drawn for you. This indicator can be used to trade any instrument of your choice, for best results switch to the monthly time frame and check the direction the indicator is giving you, then go to Daily and H4 to find areas of se
280 USD
Supply Demand RSJ PRO
Supply Demand RSJ PRO
Roberto Sant Ana Junqueira
The indicator Supply Demand RSJ PRO calculates and plots the "Supply" and "Demand" zones on the graph, identifying the type of Zone (Weak, Strong, Verified, Proven) and in case of retests of the Zone it shows how many times it was retested. "Supply" Zones are the price zones where more supply than demand has occurred, driving prices down. "Demand" Zones are the price zones where more demand than supply has occurred, pushing prices up. Classification of zones Weak: Price region which, if re-te
77 USD
Weis Wave with Alert MT5
Weis Wave with Alert MT5
Panagiotis Diamantopoulos
** NEW PLUTUS SIGNALS and ALL IN ONE ** Plutus Long and Short trading signals added (for more infor visit    http://www.tradethevolumewaves.com   Different Wave Types can be sellected. Choose what your cumulative Histogram diplays: Volume, Pips, Progressive Volume Rate, Time or Emphasized Volume Waves ** IF YOU PURCHASE DO NOT FORGET TO CONTACT ME BECAUSE THERE IS MORE. Free, two hour, one to one webinar covering setup , methodology and Q&A on any lifetime purchase. How to trade with it:   ht
499 USD
IQ Currency Correlation MT5
IQ Currency Correlation MT5
Somsri Sarkar
VIEW INDICATOR MANUAL Metatrader 4 version available  (FREE) Benefits: Shows multiple currency pairs correlation coefficient in a tabular form. 100% fully responsive table, fits at any screen size, with full customization. Can move the table anywhere in the chart. User can edit currency pairs, edit, add, remove different currency pairs.  Multiple table can be added on the same chart (add custom name) User can choose different time frames directly from the table menu. Works for all symbols av
50 USD
TPA True Price Action MT5 Indicator
TPA True Price Action MT5 Indicator
InvestSoft
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our customers. The first "The Basics"
168 USD
Powerful Hidden Cross Signal
Powerful Hidden Cross Signal
Ellan Dirgantara Tholkhah
The latest most requested Binary Options arrow indicator in the Garuda Signals product line is now on MT5! Binary options signal based on multiple time frame cross over analysis. Gets confirmation from the most consistent signals known to man; Ichimoku, SMA, Bollinger Bands; and also uses the 1 Hour time frame as trend confirmation , so you don't have to open up multiple chart and waste time. - Can be used for all time frames up to 1 hour, but is most POWERFUL for 1 and 5 min options. - Place yo
300 USD
FX Market Correlation
FX Market Correlation
Igor Pokorni
FX Market Correlation indicator calculates the weakness/strength from all 28 currency pairs in the market. This is unique and powerful way of watching the market. It works on all timeframes. You can use it for scalping, or you can use it for long term trading. FX Market Correlation indicator is NOT repainting. Features: --------- -easy determine which currency is strengthening and which is weakening -choose best currency pairs to trade and times to trade them -find correlation between pairs -N
89 USD
IQ WD Gann Pivot Point MT5
IQ WD Gann Pivot Point MT5
Somsri Sarkar
VIEW INDICATOR MANUAL Note!  "Arial Bold" font should be installed in your operating system, specially on windows 10 server. Indicator can be applied with all types of instruments including Forex, Stocks, Commodities, Indices, etc. Just adjust the indicator scale accordingly. Metatrader 4 version available Indicator Benefit The indicator is inspired by WD Gann trading style & customized for the modern market with a simplistic approach. It is designed for scalping to day trading. A complete
180 USD
Neya
Neya
Ivan Gherlani
Quantitative  intra-day & intra-week  trading indicator based on   machine learning for MetaTrader 5. - Identify the trend: Demand/supply equilibrium analysis identifies the market trend which is shown on the chart together with dynamic support and resistance levels. - Know when to enter: After detecting an equilibrium imbalance (excess demand or supply in trading volume), blue and red arrows show you buy and sell opportunities. - Know when to exit a trade: The algorithm elaborates market data
149.90 USD
More from author
Manual BackTester Panel
Manual BackTester Panel
Dimitr Trifonov
The Manual BackTester Panel utility allows to simulate the manual trading in the MetaTrader 4 strategy tester. The panel works only in the virtual mode of the MetaTrader 4 strategy tester. The demo version allows to open and close ten orders, then the program will automatically turn off. The utility has no parameters at initialization. Panel Description: The panel has Buy and Sell buttons for placing market orders. It is possible to set the Take Profit and the Stop Loss in the TP and SL fields
10 USD
ThreePointsChannelFree
ThreePointsChannelFree
Dimitr Trifonov
This is a free version of the indicator, the period between the vertical lines is always 30 bars. In the paid version the period can be set by user, so a configuration with many ThreePointsChannel indicators with different periods is possible. The principle of construction - on top of any number of bars set by the user, a channel is constructed with maximum and minimum lines so that the bars touch the maximum and minimum of the channel at exactly three points. The name of the indicator follows
FREE
FourierExtrapolationMAFree
FourierExtrapolationMAFree
Dimitr Trifonov
This is a free version and is forecasting only 5 bars The FourierExtrapolationMAFree indicator transforms and extrapolates the Moving Average function by the Fast Fourier Transformation method. 1. The transformation period is set by two vertical lines, by default the first blue line and the second pink. 2. By default, the Moving Average (MA) line is drawn in red. 3. By Fourier Transform, the indicator builds a model of N harmonics, which is as close as possible to the MA values. The model
FREE
FourierExtrapolationMA
FourierExtrapolationMA
Dimitr Trifonov
The FourierExtrapolationMA indicator transforms and extrapolates the Moving Average function by the Fast Fourier Transformation method. 1. The transformation period is set by two vertical lines, by default the first blue line and the second pink. 2. By default, the Moving Average (MA) line is drawn in red. 3. By Fourier Transform, the indicator builds a model of N harmonics, which is as close as possible to the MA values. The model is drawn by default in blue over the MA for the period bet
30 USD
Matreshka
Matreshka
Dimitr Trifonov
Matreshka self-testing and self-optimizing indicator: 1. Is an interpretation of the Elliott Wave Analysis Theory. 2. Based on the principle of the indicator type ZigZag, and the waves are based on the principle of interpretation of the theory of DeMark. 3. Filters waves in length and height. 4. Draws up to six levels of ZigZag at the same time, tracking waves of different orders. 5. Marks Pulsed and Recoil Waves. 6. Draws arrows to open positions 7. Draws three channels. 8. Notes support and re
245 USD
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Kagivada Kestutis
186
Kagivada Kestutis 2021.06.04 09:04 
 

Дмитрий, большое вам спасибо! 10+

MAHMOUD SHWAISH
2549
MAHMOUD SHWAISH 2021.02.09 17:09 
 

thank you Dimitr for brilliant job , hope to continue updating this for future . thanks

Tarun Chaudhry
2900
Tarun Chaudhry 2018.12.02 16:33 
 

Surely a very very useful tool.

The Author is supportive out of the way.

Cannot ask for more.

Product does exactly what it says.

This is an edit. I had to come back and say this:

You cannot understand the benefits of this indicator without actually using it fully in live.

If you trade manually or semi manually, you need this for sure.

Awesome work.

Disclaimer: I am in no way related to the author.

Reply to review
Version 1.5 2018.12.08
Resolved null pointer exceptions
Version 1.4 2018.12.02
resolved deinit issue
Version 1.3 2018.12.02

Version 1.3 - Added indicator buffer for Angle value - indicator buffer index 5, array index 0
Version 1.2 2018.11.30
Moved Angle text to first vertical line
Version 1.1 2018.11.29
Исправлены мелкие баги