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Channels Indicator

4

Channels indicator does not repaint as its based on projecting the falling and raising channels.

As a trader you need a path to be able to place your buy and sell trades such as:

Falling and raising channels can be in any time frame and also can be in all time frames at the same time and the price always flows within these channels. Experienced trades will draw the key levels and channels around the timeframes. But, they will not be able to draw them on the small time frames as the price changes too frequent and channels will require continuous update.

This indicator will make your analysis easier than ever before by automatically draw the channels in up to 4 time frames of your choice. Some traders may choose to scalp daily and others may choose to scalp in lower time frames. So, all options were made available with the minimum inputs.

The Channels indicator is simple to use and can be loaded on any chart. It will start drawing channels the moment you attach it to any chart in seconds. I don't say that it is a 100% perfect score, but the entries in H1, H4 and D1 timeframes are very accurate most of the time.

    You will easily spot nearly perfect entries using the Channels indicator along with the supply and demand indicator.

    Each time frame can be given a color, so that you can easily identify the time frame by looking at the chart in seconds. Also, each line will be named according to the time frame, so that you will always see (H1) or (M15) for example next to each line.

    Try this indicator simultaneously with the supply and demand indicator for the best results.



    Reviews 1
    John Fasheyiku
    1723
    John Fasheyiku 2022.01.26 15:01 
     

    Pretty good indicator. Clean and accurate.

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    The Spots Expert Advisor is the automated trading bot was created using the Spots indicator based on the common candlestick patterns such as: engulfing, hanging man, doji etc. The main objective for creating this EA is to have a fully automated and low drawdown bot. I'm sharing the first set file on the website, please feel free to optimize it for other pairs and with your forex broker using the preset parameters.
    Investment Castle Supply and Demand
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    5 (4)
    Supply and Demand indicator does not repaint as it counts the number of tests/retests occurred in the past x number of times. As a trader you need a path to be able to place your buy and sell trades such as: Supply and Demand, Falling & raising channels . Experienced trades will draw the key levels and channels around the timeframes. But, they will not be able to draw them on the small time frames as the price changes too frequent. This indicator is based on Shved supply and demand indicator, b
    FREE
    Investment Castle EA MT4
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    4.5 (2)
    Introducing the Investment Castle Expert Advisor - the ultimate trend-based trading tool that comes with built-in Investment Castle and Psychological Key Levels indicators. Whether you're a novice or a seasoned trader, this powerful tool will help you make informed decisions and maximize profits. Features: Automated Support and Resistance Key Levels: Say goodbye to manual chart analysis! Our AI-driven software automatically identifies key levels of support and resistance, allowing you to make s
    Chances
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    5 (6)
    The Investment Castle Chances indicator will show signals on the chart for entering a buy or sell trade. There are 2 types of signals for each direction as follows: Buy / Sell (Orange colored candlesticks) Strong Buy   (Green colored candlesticks)  / Strong Sell  (Red colored candlesticks) You may place a buy trade once you see the Buy arrow or vise versa, or you might prefer to wait for a further confirmation “Strong Buy” / “Strong Sell”. This indicator works best with the high time frames H1,
    FREE
    Gold Indicator
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    5 (1)
    This indicator uses horizontal lines to identify support and resistance levels based on Zigzag legs and On-Balance Volume (OBV) analysis. Here is a summary of how the indicator works: Resistance and Support Lines : A horizontal line above the current price level indicates resistance. A horizontal line below the current price level indicates support. Drawing Horizontal Lines : Draw horizontal lines on every Zigzag leg within the last X legs, where X is a specified number (e.g., 10). Only the most
    FREE
    Investment Castle RSI Divergence MT5
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    The RSI Divergence Indicator is a powerful tool designed to identify potential reversals in the market by spotting discrepancies between the Relative Strength Index (RSI) and price movement. Divergences can be a significant indication of an impending trend change, either from bullish to bearish or vice versa. This indicator is built for making the task of identifying potential trade opportunities more straightforward and efficient. Features: Automatic Detection:   The indicator scans the cha
    FREE
    Channels Indicator MT5
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    4.8 (5)
    Channels indicator does not repaint as its based on projecting the falling and raising channels. As a trader you need a path to be able to place your buy and sell trades such as: Supply and Demand , Falling & raising channels. Falling and raising channels can be in any time frame and also can be in all time frames at the same time and the price always flows within these channels. Experienced trades will draw the key levels and channels around the time frames. But, they will not be able to draw
    FREE
    Investment Castle Trend Lines
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    5 (5)
    All traders should know the trend before making their decision when placing the buy or sell orders. The first step always starts with  supply and demand ,   rising and falling channels , trend lines, engulfing candles etc. All the above contribute to what is called “Price Action” and that is the best and most reliable way in trading and catching the trend and making profits, without stress. The  Investment Castle Trend Line Indicator  will automatically draw the trend lines on the MT5 for you.
    FREE
    Investment Castle Indicator
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    4.8 (5)
    Investment Castle Indicator has the following features: 1.  Dictates the direction of the trend in different Timeframes . 2.   Shows the hit rate and winning rate on the chart. 3. This indicator does not repaint the chart. 4. This indicator is built-in the Support & Resistance based Investment Castle EA which works with Psychological Key Levels "Support & Resistance" Indicator.
    FREE
    Investment Castle RSI Divergence
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    The RSI Divergence Indicator is a powerful tool designed to identify potential reversals in the market by spotting discrepancies between the Relative Strength Index (RSI) and price movement. Divergences can be a significant indication of an impending trend change, either from bullish to bearish or vice versa. This indicator is built for making the task of identifying potential trade opportunities more straightforward and efficient. Features: Automatic Detection: The indicator scans the chart
    FREE
    Spots
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    The Spots Indicator can be used for Entering and Exiting your trades based on the common candlestick patterns such as: engulfing, hanging man, doji etc. It is designed to publish desktop and mobile notification every time a signal is triggered. However, it is worth noting that this indicator is recommended to be used with other indicator for confirming the entries. It is best to use it with the Investment Castle Trend Lines indicator  and the Supply and Demand indicator .
    FREE
    Investment Castle Support and Resistance
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    5 (5)
    Investment Castle Support and Resistance Indicator has the following features: 1.  Dictates the direction of Buy or Sell trades based on Support and Resistance Levels automatically . 2.  Candles stick colors will change to Red for Sell and Blue for Buy (Default settings, user can change from the inputs). 3. This indicator is built-in the Support & Resistance based Investment Castle EA which works with Psychological Key Levels "Support & Resistance".
    FREE
    Spots MT4
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    The Spots Indicator can be used for Entering and Exiting your trades based on the common candlestick patterns such as: engulfing, hanging man, doji etc. It is designed to publish desktop and mobile notification every time a signal is triggered. However, it is worth noting that this indicator is recommended to be used with other indicator for confirming the entries. It is best to use it with the   Investment Castle Trend Lines indicator  and the   Supply and Demand indicator
    FREE
    Investment Castle Trend Lines MT4
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    5 (3)
    All traders should know the trend before making their decision when placing the buy or sell orders. The first step always starts with  supply and demand , rising and falling channels , trend lines, engulfing candles etc. All the above contribute to what is called “Price Action” and that is the best and most reliable way in trading and catching the trend and making profits, without stress. The  Investment Castle Trend Line Indicator  will automatically draw the trend lines on the MT4 for you. An
    FREE
    Investment Castle II MT4
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    5 (1)
    The Investment castle II ea trading robot has a variety of features, including: The ability to remember open positions, their take profit and stop loss levels if the VPS or terminal is restarted. The ability to remember trade buttons and their setup if the VPS or terminal is restarted. The ability to plot profit/loss on a chart, but only when the user runs the visualizer and on live charts. It automatically disables this feature when backtesting or optimizing settings for improved speed and perf
    Chances MT4
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    5 (2)
    The Investment Castle Chances indicator will show signals on the chart for entering a buy or sell trade. There are 2 types of signals for each direction as follows: Buy / Sell (Orange colored candlesticks) Strong Buy (Green colored candlesticks)  / Strong Sell  (Red colored candlesticks) You may place a buy trade once you see the Buy arrow or vise versa, or you might prefer to wait for a further confirmation “Strong Buy” / “Strong Sell”. This indicator works best with the high time frames H1, H
    FREE
    Investment Castle Engulfing
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    4.5 (2)
    Whether you are a scalper or daily trader, you will always look for bullish / bearish engulfing candles. This can be a bit tricky and stressful when you try to visually identify the engulfing candles on the chart. Not only that, you might be trading on the M15 time frame but the engulfing candle is forming or has already formed in the H4 time frame. This indicator is made to do that on your behalf. You can trade on any time frame and see Engulfing candles of another time frame, this means that
    FREE
    Investment Castle Support and Resistance MT4
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    4.71 (7)
    Investment Castle Support and Resistance Indicator has the following features: 1.  Dictates the direction of Buy or Sell trades based on Support and Resistance Levels automatically . 2.  Candles stick colors will change to Red for Sell and Blue for Buy (Default settings, user can change from the inputs). 3. This indicator is built-in the Support & Resistance based Investment Castle EA which works with Psychological Key Levels "Support & Resistance".
    FREE
    Investment Castle Supply and Demand MT4
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    Supply and Demand indicator does not repaint as it counts the number of tests/retests occurred in the past x number of times. As a trader you need a path to be able to place your buy and sell trades such as: Supply and Demand, Falling & raising channels . Experienced trades will draw the key levels and channels around the timeframes. But, they will not be able to draw them on the small time frames as the price changes too frequent. This indicator is based on Shved supply and demand indicator, b
    FREE
    Investment Castle Indicator MT4
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    4.89 (9)
    Investment Castle Indicator has the following features: 1.  Dictates the direction of the trend in different Timeframes . 2.   Shows the hit rate and winning rate on the chart. 3. This indicator does not repaint the chart. 4. This indicator is built-in the Support & Resistance based Investment Castle EA which works with   Psychological Key Levels "Support & Resistance" Indicator.
    FREE
    Investment Castle News
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    Investment Castle News Indicator will plot vertical lines before the news on the chart and categorized in three different colors in accordance with the news importance. You can choose to limit the news to the current chosen symbol or show all future news on the same chart. High impact news is marked in Red lines be default. Medium impact news is marked in Orange lines be default. Low impact news is marked in Yellow lines be default.
    FREE
    Layering MT4
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    This tool is very helpful when trading and increasing the profits by placing certain trades (defined in the settings) with equal distances when you place Buy / Sell orders. It helps in securing the account by using the layering method. Once the price hits the first TP, the EA will move the SL to the entry level, then once the price hits the 2nd TP, the EA will move the price to the first TP level. All the TP and SL generated by the EA can be manually adjusted on the chart itself. It works on any
    Combined
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    5 (1)
    Welcome to Investment Castle products This product is exclusively available in the MQL5 market and is not available and will not be available anywehere else. The Combined indicator is a multi-time frame indicator and it is built using 3 indicators: Bands indicator which draws the support and resistance key levels using up to 5 different time frames Patterns indicator which draws the chart patterns using up to 6 different time frames Spots indicator which shows the common candlestick patterns Yo
    Investment Castle Volatility Index
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    5 (2)
    Investment Castle Volatility Index has the following features: 1. This indicator shows the volumes of the current symbol and the market volatility. 2. This indicator is built-in in the Investment Castle EA which works as volatility index for the EA dynamic distance and opposite start. 3. Parameters available for optimization for each pairs. 4. Works with any chart.
    FREE
    Ultimate MT4
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    5 (1)
    Dashboard, TP line and Profit/Loss labels are set to false by default for speeding up the optimization. Switch them to True before you start. There are many strategies inside this EA as follows: - Entry based on indicator signal "as shown on the   trend indicator " - Opposite to trade entry with opposite martingale - Entries based on " support and resistance indicator ". - Normal martingale - Normal martingale with distance multiplier - Normal martingale with volatility index - Opposite marting
    Ultimate
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    4 (1)
    Dashboard, TP line and Profit/Loss labels are set to false by default for speeding up the optimization. Switch them to True before you start. There are many strategies inside this EA as follows: - Entry based on indicator signal "as shown on the trend indicator " - Opposite to trade entry with opposite martingale - Entries based on " support and resistance indicator ". - Normal martingale - Normal martingale with distance multiplier - Normal martingale with volatility index - Opposite martingal
    Investment Castle Engulfing MT4
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    Whether you are a scalper or daily trader, you will always look for bullish / bearish engulfing candles. This can be a bit tricky and stressful when you try to visually identify the engulfing candles on the chart. Not only that, you might be trading on the M15 time frame but the engulfing candle is forming or has already formed in the H4 time frame. This indicator is made to do that on your behalf. You can trade on any time frame and see Engulfing candles of another time frame, this means that y
    FREE
    The Panel MT4
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    The Panel will read the floating profit/loss for the symbol of your chart and will plot the profit/loss numbers on the chart. It will work with manual trades or trades made by any expert advisor. The Panel shows the Max Drawdown in the base currency, floating profit/loss for both buy and sell orders. It will also show the same in Pips. The Panel is movable on the chart, so you can drag it using the mouse cursor.
    FREE
    The Panel
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    The Panel will read the floating profit/loss for the symbol of your chart and will plot the profit/loss numbers on the chart. It will work with manual trades or trades made by any expert advisor. The Panel shows the Max Drawdown in the base currency, floating profit/loss for both buy and sell orders. It will also show the same in Pips. The Panel is movable on the chart, so you can drag it using the mouse cursor.
    FREE
    Investment Castle Volatility Index MT4
    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    3.67 (3)
    Investment Castle Volatility Index has the following features: 1. This indicator shows the volumes of the current symbol and the market volatility. 2. This indicator is built-in in the Investment Castle EA which works as volatility index for the EA dynamic distance and opposite start. 3. Parameters available for optimization for each pairs. 4. Works with any chart.
    FREE
    Filter:
    John Fasheyiku
    1723
    John Fasheyiku 2022.01.26 15:01 
     

    Pretty good indicator. Clean and accurate.

    Reply to review
    Version 1.3 2021.12.06
    Added a new option to enable / disable auto movement of the channels and button on the chart to update the channels when required manually. So, if the auto update is active -> indicator draws the channels in accordance with the current scenario. If the auto update is inactive, the button "Update Channels" will appear on the chart to update the channels of the current symbol.
    Version 1.2 2021.11.07
    Performance improvements