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Drawing Parabolic Channels for MT4

FREE

Published: 8 June 2021

Current version: 1.16

Drawing Parabolic Channels for MT4

Indicators
BeeXXI Corporation
BeeXXI Corporation
Software developer at BeeXXI Corporation

Canada

15915
5 (17)
- BeeXXI.com
12 products 18 codes 10 topics 4625 comments
Version: 1.16
Updated: 28 February 2025

Convenient drawing of parabolic channels by four points (two lower and two upper extremums).

Additional control keys:

N (New) - Start drawing a new channel.
C (Clear) - Deletes the current channel.

By default, the current channel is the last channel. But you can click on the line of any channel to make it current.

Click on the gear in the upper right corner to set some parameters for all channels or the current channel.

All work is visible from the animated Gif.

Channels are saved when the time frame changes and the terminal is closed.
Do not forget to express your wishes and evaluate this product so that this one has a future.

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Screenshot #1 Drawing Parabolic Channels for MT4

Screenshot #2 Drawing Parabolic Channels for MT4

3313

Devonish 2024.08.01 11:36 #

I like this product, useful when combined with other signals. The Developer has been very helpful and I express my gratitude for him working to upgrade this FREE indicator.

Rafael 2021.06.26 08:51 #

Отличная работа автора! Индикатор прост в работе и построении, легок в понимания. Начинающим и заинтересованным в данной работе, для автоматического построения параболических каналов рекомендую начать с ZigZagus Parabolicus. Николай, большая вам благодарность за новые возможности и взгляды. Успехов и удачи в новых открытиях!!!

765

Payman 2021.06.12 10:25 #

beautiful work thanks. the nice thing is that it is symbol specific and drawings on the same chart doesnt conflict with other symbols.

edit:oops , i think i made a mistake, still nice indicator though.

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This indicator allows the trader to see what is difficult to see and recognize with the eyes. The indicator naturally recognizes and visualizes all processes in the behaviour of a trading instrument, which will be an excellent assistant for a trader who likes to make decisions on his own. This indicator draws a set of approximating channels in all sections of history with different periods. Formed channels form naturally and form their own hierarchy of channels by seniority (length and width).

98.17 USD

Ultra-fast recognition of parabolic channels (as well as linear, horizontal and wavy channels) throughout the depth of history, creating a hierarchy of channels. Required setting: Max bars in chart: Unlimited This indicator is designed primarily for algorithmic trading, but can also be used for manual trading. This indicator will have a very active evolution in the near future and detailed descriptions on how to apply to create robots

240 USD

Drawing Studio — a simple tool for drawing vector elements right on your chart, helping you see what the eye alone can't. Trend lines, channels, parabolas, Fibonacci levels and a ruler — everything is drawn on a high-performance canvas with true anti-aliasing, not as standard terminal objects. The result is speed, cleanliness and beauty: thin, smooth lines instead of jagged "staircase" edges, and a chart that never gets cluttered with dozens of objects. Drawing tools Trend line Parabola Linear c

30 USD

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3313

Devonish 2024.08.01 11:36 #

I like this product, useful when combined with other signals. The Developer has been very helpful and I express my gratitude for him working to upgrade this FREE indicator.

[Deleted] 2024.06.03 09:32 #

User didn't leave any comment to the rating

liyanbin 2023.04.23 16:34 #

指标相当不错，就是在寻找高低点时，有时会有所不同，如果能自动识别高低点画出通道，就更加简单了。

15915

Reply from developer Nikolai Semko 2023.04.23 17:07 #

Thanks for the feedback. This utility is intended for manual drawing of parabolic channels. But soon an indicator(MT5) will be published that automatically finds all parabolic channels throughout the entire depth of history, and very quickly and accurately. But this indicator will not be free.

Rafael 2021.06.26 08:51 #

Kapshun 2021.06.15 22:46 #

User didn't leave any comment to the rating

15915

Reply from developer Nikolai Semko 2021.06.15 23:09 #

Приветствую. Вопросы все же лучше задавать в Обсуждении, а не в Отзывах. :))
Это индикатор - просто инструмент для ищущих и творческих трейдеров. Вариантов много.
Самая простая рекомендация - строить по экстремумам так, чтобы канал захватывал как можно больше экстремумов, улавливая тенденцию тренда.
Так же важная рекомендация - использовать уникальную возможность данного индикатора сохранять каналы на разных таймфреймах и рисовать каналы на разных таймфреймах так чтобы формировать иерархию каналов. Один канал внутри другого более старшего. Так можно прогнозировать время жизни канала и перелом тренда у более младшего канала.
Каналы сохраняются только в работающем терминале. При перезагрузке терминала, каналы не сохраняются. Если это будет востребовано, то можно добавить сохранение нарисованных каналов в файлах.

765

Payman 2021.06.12 10:25 #

beautiful work thanks. the nice thing is that it is symbol specific and drawings on the same chart doesnt conflict with other symbols.

edit:oops , i think i made a mistake, still nice indicator though.

15915

Reply from developer Nikolai Semko 2021.06.12 15:34 #

Thank you so much.
You probably meant - doesnt conflict with other timeframes? :))

Drawing Parabolic Channels for MT4

BeeXXI Corporation