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Channel Global Multicurrency

Description

A colored universal multicurrency/multi-symbol indicator Channel to be drawn in a separate window below the main financial instrument. The indicator uses the calculation method of the Price Channel indicator. The rising and falling line of the main indicator and the Channel lines can be colored.

The indicator can be calculated based on one of the eleven basic indicators included in the standard package of the MetaTrader 4 terminal:

  • AD - an indicator of accumulation and distribution of volume.
  • OBV - On Balance Volume.
  • Force - Force Index indicator.
  • MFI - Money Flow Index.
  • ATR - Average True Range.
  • Momentum.
  • Moving Average.
  • CCI - Commodity Channel Index.
  • RSI - Relative Strength Index.
  • ADX - Average Directional Movement indicator.
  • DeMarker.
  • Standard Deviation.

The default indicator is AD - an indicator of accumulation and distribution of volume.


Purpose

The indicator can be used for manual or automated trading in an Expert Advisor. Values of indicator buffer of the double type can be used for automated trading: 

  1. The middle line of the Channel - buffer 2.
  2. The upper line of the Channel - buffer 0.
  3. The lower line of the Channel - buffer 1.
  4. The bullish line of the basic indicator - buffer 3, must not be equal to zero.
  5. The bearish line of the basic indicator - buffer 4, must not be equal to zero.
  6. The main line of the basic indicator - buffer 5.

For a more in-depth analysis the indicator can be used in combination with the Price Channel indicator of the main chart.


Inputs

  1. Currency_Name - the name of the financial instrument.
  2. Calc_Method - the indicator, based on which the Channel will be calculated.
  3. Channel_Period - Channel calculation period.
  4. Periods - the period for calculating the basic indicator, based on which Channel will be calculated.
  5. MA_Method - averaging method for the MA of the basic indicator.
  6. Applied_Price - the used price of the basic indicator.
  7. Mode - the index of the line (MAIN or SIGNAL) of the basic indicator, based on which Channel will be calculated.
  8. Shift - the sift of the basic and calculation indicator relative to the price chart.


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Mohamed Hassan
5 (15)
Indicadores
This indicator is unstoppable when combined with our other indicator called Katana. After purchase, send us a message and you could get Katana for FREE as a BONUS After purchase, send us a private message for your instructions.  MT5 version: click here 50 copies available at $55. There are 7 copies left before next price of $105. Don't miss this great deal!  The Trend Forecasting indicator is a very unique & easy tool that is able to make prediction about future price movement bas
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Bernhard Schweigert
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ACTUALMENTE 31% DE DESCUENTO Este indicador es una herramienta de transacción única, de alta calidad y asequible porque hemos incorporado una serie de características propias y una fórmula secreta. Con solo un gráfico, da Alertas para los 28 pares de divisas. ¡Imagina cómo mejorarás porque puedes identificar el punto de activación exacto de una nueva tendencia u oportunidad de crecimiento! Basado en nuevos algoritmos subyacentes , hace que sea aún más fácil identificar y confirmar operaciones po
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Obtenga su actualización diaria del mercado con detalles y capturas de pantalla a través de nuestro Morning Briefing aquí en mql5 y en Telegram ! FX Volume es el PRIMER y ÚNICO indicador de volumen que proporciona una visión REAL del sentimiento del mercado desde el punto de vista de un bróker. Proporciona una visión impresionante de cómo los participantes institucionales del mercado, como los brokers, están posicionados en el mercado Forex, mucho más rápido que los informes COT. Ver esta info
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Abdullah Alrai
4.68 (59)
Indicadores
Este indicador detectará patrones armónicos que se dibujen en el gráfico mediante métodos manuales y automáticos. Puede consultar el manual del usuario en el siguiente enlace: Agregue su opinión y contáctenos para obtenerlo Existe una versión gratuita para probar este producto en mt4. Puede utilizarlo para detectar patrones de Gartley y Nenstar: https://www.mql5.com/en/market/product/30181 Puede comprar la versión completa de MT4 en: https://www.mql5.com/en/market/product/15212 Notas El indicad
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Eric John Pajarillaga Aldana
4.82 (17)
Indicadores
¡TakePropips Donchian Trend Pro   (MT4) es una herramienta poderosa y efectiva que detecta automáticamente la dirección de la tendencia utilizando el Canal Donchian y le proporciona señales comerciales de entrada y salida! Este indicador multifunción incluye un escáner de tendencias, señales comerciales, panel estadístico, filtro, sesiones comerciales y panel de historial de alertas. ¡Está diseñado para proporcionarle señales comerciales y ahorrarle horas analizando los gráficos! Puede descargar
Pair Trading Station MT4
Young Ho Seo
5 (1)
Indicadores
How to use Pair Trading Station Pair Trading Station is recommended for H1 time frame and you can use it for any currency pairs. To generate buy and sell signal, follow few steps below to apply Pair Trading Station to your MetaTrader terminal. When you load Pair Trading Station on your chart, Pair Trading station will assess available historical data in your MetaTrader platforms for each currency pair. On your chart, the amount of historical data available will be displayed for each currency pai
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Samuel Manoel De Souza
5 (15)
Indicadores
Market Structure Patterns   is an indicator based on   smart money concepts   that displays almost all of the   SMC/ICT   elements needed to take your trading decisions to the next level. Take advantage of the   alerts ,   push notifications   and   email messages   to keep informed from when an element is formed on the chart, the price crosses a level and/or enters in a box/zone. Developers can access the values of the elements of the indicator using the   global variables  what allows the aut
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Reza Aghajanpour
4.78 (54)
Indicadores
** All Symbols x All Timeframes scan just by pressing scanner button ** After 15 years of experience in the markets and 3 years of programming, Winner indicator is ready. I would like to share with you! *** Contact me after purchase to send you instructions and add you in "123 scanner group" for sharing or seeing experiences with other users. Introduction The 123 Pattern Scanner indicator with a special enhanced algorithm is a very repetitive common pattern finder with a high success rate . Inte
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Description The indicator is intended for labeling the chart using horizontal levels and/or half-round prices. The indicator works on any financial instrument regardless of the name and the number of digits. A user can choose colors for the indicator lines. Input Parameters Calc_Method - method of calculation of the lines: levels of round prices. levels of half-round prices. Digits_Accepted - flag for calculating the levels according to number of decimal places in the quotes of a financial ins
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Description A colored universal multicurrency/multi-symbol indicator MACD Line Smart (the indicator moving average convergence divergence is displayed as a histogram) based on double or triple moving average .  Comparing to the standard MACD this indicator is more sensitive to what allows generating advance signals. he indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a
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Description A colored universal multicurrency/multi-symbol indicator  MACD Histo Smart  (MACD histogram) based on double or triple moving average .  Comparing to the standard MACD Histo this indicator is more sensitive to what allows generating advance signals. he indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a non-existent or incorrect name of a financial instrument
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Versión 1.23 2020.04.03
Updating
Versión 1.22 2014.10.29
User's interface has been improved.
Versión 1.21 2014.09.08
Changed the way the lines are colored.