ChannelKing

ChannelKing is an intelligent channel identification indicator. According to the high and low points formed by price fluctuations, combined with linear regression algorithm to get the approximate range of market fluctuations, it can give traders a good help in trend judgment and search for advantageous positions.

Indicator characteristics:

1. The index uses linear regression to calculate the trend line, which is more relevant than the ordinary high and low point line drawing trend line.
2. The index will screen out more reasonable channels by linear regression, instead of fixed-period channels, so that it can adapt to the cyclical changes of the market and give the price movement channel that is most suitable for the current market.
3. When the new channel is formed in the channel, the line of the old channel is still retained, and the subtle changes of the market can be kept at any time.

Parameter Description:
Channel_Period - The channel period (20-200). If the value is input, the channel period will not change, and no intelligent judgment will be made. If it is 0, it will automatically judge intelligently.
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5 (1)
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This indicator has been designed to integrate with the Elliott Wave theory, providing two distinct methods of operation: Automatic Work: In this mode, the indicator operates autonomously by detecting all five motive waves on the chart according to Elliott Wave theory. It offers predictions and identifies potential reversal zones. Additionally, it has the capability to generate alerts and push messages to notify traders of significant developments. This automated functionality streamlines the pro
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3.5 (2)
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WaveKing EA Live signal https://www.mql5.com/en/signals/2203414 Instructions for use: Usage requirements Instructions  Symbol  GBPCAD, EURSGD  Period  M1  Platform  ICMarkets  RAW  Latency   No requirement, of course it would be better within 50ms  Blance  >50 USD  Martingle NO,1 order max parameter settings: Parameter name Setting instructions Lots= 0.01 default is 0.01, recommended is 0.01 for 100 US dollars, 0.05 for 500 US dollars, and so on SL= 800 stop loss points Magic
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Molfie
622
Molfie 2021.02.22 09:03 
 

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