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Gaussian Channel MT5

MT4 Version

Gaussian Channel MT5

Gaussian Channel MT5 is the first indicator in the market that uses Ehlers Gaussian Filter methods to define trends. Nowadays, this Gaussian Channel is highly known as a method to support HOLD techniques in crypto.

If the price is above the channel the trend is strong, if it comes back to the channel this can react as a resistance and indicate the beginning of a bear market (or Winter) if the price breaks below it.

Eventhough the use of this channel focuses on higher timeframes, the input parameters allow the user to adapt the inidicator to any pair, timeframe and trading strategy. This is the reason what makes the Gaussian Channel MT5 indicator ideal for HOLD, SCALPING and SWING strategies.

At the same time,  Gaussian Channel MT5 provides a system of alerts and notifications on the mobile phone and on the MT5 Terminal when the price enters or leaves the Channel.

Some of the characteristics of the indicator are the following:

  • Time saving
  • Provides an awesome overview of the current trend
  • Ease of decision-making for entries and taking full or partial benefits
  • Highly customizable
  • Functional in all pairs (Crypto, Forex, Stocks, Indices, Commodities ...)
  • Perfect for Scalping, HOLD or Swing trading
  • Alerts and notifications on the MT5 terminal and on the mobile phone

Input parameters

Settings:

  • Channel Price Source: Price data source for the channel (High, low, open, close, median, typical and weighted)
  • Poles: Number of poles for the Gaussian Channel [1-9]
  • Length: Channel's period [>2]
  • TrueRange Multiplier: Multiplier for the TrueRange's calculation
  • Activate Lag Reduction: Activates reduction Lag mode
  • Activate Fast Response: Activates Fast response mode
Visualization:
  • Fill Channel: Channel is colored

Notifications:

  • Tolerance for resending alert: Tolerance to consider the price leaves or enters the channel a second time (in Points)
  • Alerts when price enters channel: Enables alerts on the MT5 Terminal every time the price enters the channel
  • Alerts when price leaves channel: Enables alerts on the MT5 Terminal every time the price leaves the channel
  • Activate Notifications: Enables phone Notifications

Colors:

  • Customize the indicator colors. (Take into consideration MT5 colors overlay)


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This indicator can be used to display Support and Resistance levels according to  the  Malaysian SNR concept , in which Support and Resistance are exact levels of a line chart. Malaysian SNR There are 3 different horizontal levels in Malaysian SNR: A-Level : This level is located at the peak of this line chart. (shape looks like the letter A) V-Level : Level at the valley of a line chart, (shape looks like the letter V) Gap-Leve l: This level is located at the Close/Open gap between two cand
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BeeXXI Corporation
5 (2)
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RAD CRITICAL LEVES RAD indicator tracks “Relevant Volume” in real time, identifying accumulation and distribution processes, projecting them in the chart as SUPPORT or RESISTANCE zones. Natural   support   and resistance levels are generated by Volume Accumulation and Distribution processes. As these processes evolve, levels at which the relevant volume in the market place is positioned, become difficult areas to cross upwards or downwards. By using this information, traders can identify very s
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Version 1.30 2024.04.11
1. Input "TrueRange Multiplier" changed to double
2. Accuracy updated
Version 1.20 2023.04.20
1. New alert & notification system
Version 1.10 2022.12.02
1. Color reset fixed
2. On Foreground not forced