Halcyon Channel
- Indicatori
- Versione: 1.0
- Attivazioni: 5
Introducing Halcyon Channel, a Keltner Channel-based trend and trading signal indicator that combines EMA, ATR bands and optional RSI confirmation to identify potential BUY/SELL opportunities.
Halcyon Channel builds dynamic price channels using an EMA basis and ATR-based upper and lower bands. It offers three entry modes: Breakout, Basis Cross and Band Re-entry, with optional RSI confirmation to validate signals. A trend-coloured basis, chart markers, live dashboard and customizable alerts provide clear market analysis and entry guidance.
Key Features:
- Dynamic Keltner Channel: Uses configurable EMA and ATR periods with an ATR multiplier to calculate upper, lower and additional inner channel bands.
- Trend Direction: Colours the EMA basis green when rising and red when falling.
- Three Entry Modes: Supports Breakout, Basis Cross and Band Re-entry for breakout, trend-continuation and reversal opportunities.
- RSI Confirmation: Optional RSI filter with configurable period and bullish/bearish thresholds.
- Signal Cooldown: Sets a minimum number of bars between consecutive signals.
- Chart Visualization: Displays BUY/SELL arrows, price tags and live right-side channel price labels.
- Live Dashboard: Displays latest signal, signal age, channel position, band values, EMA basis, channel width, RSI and BUY/SELL counts. Draggable, resizable and minimizable.
- Customizable Alerts: Supports popup, sound, email and mobile push notifications.
- EA Integration: Provides a signal buffer with +1 for BUY, -1 for SELL and 0 for no signal.
- Key Input Parameters:
- EMA Period, ATR Period, ATR Multiplier, RSI Period, RSI Bullish Level, RSI Bearish Level, Entry Mode, RSI Filter, Signal Cooldown, Marker Colors, Label Settings and Dashboard Controls.
- Entry Signal Rules:
- Breakout: BUY when a candle closes above the upper channel band with a rising EMA basis. SELL when it closes below the lower band with a falling EMA basis.
- Basis Cross: BUY when price crosses above the EMA basis while it is rising. SELL when price crosses below the basis while it is falling.
- Band Re-entry: BUY when price moves below the lower band and closes back inside. SELL when price moves above the upper band and closes back inside.
- When RSI confirmation is enabled, Breakout and Basis Cross BUY signals require RSI above the bullish threshold, while SELL signals require RSI below the bearish threshold. Band Re-entry uses the opposite RSI conditions.
Specifications:
- MetaTrader 5 indicator using EMA and ATR-based Keltner Channels, three entry modes, optional RSI confirmation, closed-candle signals, interactive dashboard, customizable alerts and EA-compatible signal buffer.
- Halcyon Channel combines volatility, trend direction and configurable entry confirmation into one tool for identifying potential trading opportunities.
Trading involves risk. This indicator is an analytical tool, not financial advice. Always test on a demo account first.
Contact
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