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Channels Indicator MT5

4.67

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 time frames. 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 timeframes of your choice. Some traders may choose to scalp daily and others may choose to scalp in lower timeframes. 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 5
    Multi Disipliner
    320
    Multi Disipliner 2022.02.21 21:13 
     

    perfect I like it

    drasko
    255
    drasko 2021.11.12 10:11 
     

    Perfect tool for perfect entry! :-)

    zoiazz
    53
    zoiazz 2023.01.03 20:51 
     

    Thank you for this great indicator

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    Filter:
    zoiazz
    53
    zoiazz 2023.01.03 20:51 
     

    Thank you for this great indicator

    Christian Acero
    25
    Christian Acero 2022.10.21 23:10 
     

    Good indicator, but could you change or add the option to see lines lines instead of the font color of the channel. Thank you

    Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
    24541
    Reply from developer Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi 2022.10.22 07:10
    Hello
    You can change that from the settings
    Multi Disipliner
    320
    Multi Disipliner 2022.02.21 21:13 
     

    perfect I like it

    user9876
    582
    user9876 2021.11.29 21:10 
     

    User didn't leave any comment to the rating

    drasko
    255
    drasko 2021.11.12 10:11 
     

    Perfect tool for perfect entry! :-)

    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