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Magic Channel Free

Magic Channel Free is a channel indicator for the MetaTrader 5 trading platform. This indicator allows finding the most probable trend reversal points.

Unlike most channel indicators, Magic Channel does not redraw.

The alert system (alerts, email and push notifications) will help you to simultaneously monitor multiple trading instruments.

Attach the indicator to a chart, and the alert will trigger once a signal emerges.

With our alerting system, you will never miss a single position opening signal!

Magic Channel Free - is a demo version that can be only run on USDCAD. Unlimited version can be purchased here:


Advantages of the indicator

  • Perfect for scalping.
  • Excellent for identifying trend reversals.
  • Suitable for beginners and experienced traders.
  • Works on all timeframes.
  • The indicator does not repaint.
  • Flexible alerting system.
  • Chart customization (the size and color of lines).

Recommendations on usage

Buy when the price crosses the lower line of the indicator upwards (see screenshot 1, entry points are encircled).

Open Sell orders when the price crosses the upper line of the indicator downwards.

The indicator is best suited for intraday trading, on the timeframe from M5 to H4.


  • Period - averaging period for calculating the indicator (key parameter).
  • PRICE - price for calculating the indicator (OPEN or CLOSE).
  • Coefficient - channel width ratio. The higher the value, the wider the channel.
  • Alert - alerts.
  • Email - send emails.
  • Push - send push notifications.
  • clrUPPER - the color of the upper indicator line.
  • clrLOWER - the color of the lower indicator line.
  • Width - line width.


Evgeny Belyaev - professional programmer and successful trader.

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The Missing Edge You Need To Catch Breakouts Like A Pro. Follow a step-by-step system that detects the most powerful breakouts! Discover market patterns that generate massive rewards based on a proven and tested strategy. Unlock Your Serious Edge Get it here ► www.mql5.com/en/blogs/post/723208 Have access to the game changing indicator that will take your trading to the next level! How To Trade Execute your trades in 3 Easy Steps! Step 1: Trade Setup Enter a signal if Success Rate is
98 USD
Laguerre VIX Trend Extremes MT5
Synapse Investment Research Group, Inc.
The  Laguerre VIX Trend Extrema   (LVTE)  indicator detects market tops and bottoms. As its name suggests, LVTE is a percentage price oscillator that identifies extreme ranges in market price. As described in John F. Ehlers book  "Cybernetic Analysis for Stocks and Futures,"  incorporating Laguerre's equation can facilitate more advanced trend detection and smoother filters, while requiring less data. Here, we use multiple variants on Laguerre's equation, for robust detection of price maxima and
99 USD
Pivot Prof
Paul Anscombe
Un indicador excepcional ... Obtenga increíbles oportunidades comerciales con Pivot Prof y use los niveles que usan los profesionales, ¡mejore sus operaciones hoy! Pivot Prof es rico en funciones y utiliza algoritmos únicos para calcular y mostrar los niveles de negociación de múltiples marcos de tiempo en un solo gráfico fácil de leer, y proporciona alertas de terminal, móvil y correo electrónico, además de personalización completa. Actualización importante Maximice el potencial de Pivot P
79 USD
Waves Of Fibonacci
Roman Vashchilin
The principle of the indicator operation lies in the analysis of the currency pair history and determining the beginning and the end of the "power" driving the current trend. It also determines the Fibonacci levels in the main window. The indicator also shows how long ago the local Highs and Lows have been reached. How to Use Waves in the subwindow show the strength and the stage of the trend movement. That is, if the waves only start rising, then the trend is in the initial stage. If the wave
45 USD
AW Trend Predictor MT5
Alexander Nechaev
The combination of trend and breakdown levels in one system. An advanced indicator algorithm filters market noise, determines the trend, entry points, as well as possible exit levels. Indicator signals are recorded in a statistical module, which allows you to select the most suitable tools, showing the effectiveness of the signal history.  The indicator calculates Take Profit and Stop Loss marks. Important information:  To use the full potential of the indicator, we strongly recommend that you
55 USD
[Eliminado] 2019.01.07 17:52 

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Versión 4.0 2020.09.14
Update for new builds at the request of the terminal developers: https://www.mql5.com/en/forum/342948
Versión 3.0 2019.05.18
Nueva versión 3: error corregido.
Versión 2.0 2019.02.07
New version:
1. accelerated calculations.
2. Fixed bug with alert.