Meco Ultimate Channel

5

This indicator belongs to the family of channel indicators. These channel indicator was created based on the principle that the market will always trade in a swinging like pattern. The swinging like pattern is caused by the existence of both the bulls and bears in a market. This causes a market to trade in a dynamic channel. it is designed to help the buyer to identify the levels at which the bulls are buying and the bear are selling. The bulls are buying when the Market is cheap and the bears are selling when the Market is expensive.


It is designed to help the trader practice a principles of "Buy THE LOW, SELL THE HIGH". This indicator can be used to trade Ranging markets and Trending Markets.in Ranging markets, Reversal strategies can be used along with this indicator and in Trending Markets , Trend trading Strategies can be used along side with this indicator.


In Trend Reversing strategies , it can be used with Oscillators like RSI, STOCHASTIC, MACD, ATR, VOLUMES, Divergence indicators , harmonic Patterns, ICT and smart Money strategies. for Trend Followings  strategies the channel can be used with indicators like Pullback indicators , Oscillator Convergences , Continuation Patterns like Triangle , Flags, Market imbalances etc
in trend reversing the orders are executed when the prices reaches the upper and lower bands of the channel as shown on the screenshots. In trade following the orders are executed when reaching the mid line of the channel which is dotted line in the default setting as shown on the screenshots. The indicator can be used in any time-frame from scalping , swing trading and investing. it can be used in all market from Forex, stock and Synthetics.  

The channel can be modified to suit the market you are trading, by changing the  bands of the channel or the averaging method of the channel.Also the colour of the bands can be changed to suit the background of your choice.  by default the indicator comes with 3  upper bands and 3 lower bands , hence you can add it twice in a chart to have 6 upper bands and 6 lower bands. the bands can be stepped by 5, 6,7,8,9,10. You will also need to zoom in your charts to see all the channel bands.  

Recensioni 1
zbairen985
440
zbairen985 2023.02.25 12:59 

This software product is great. But there is a question to ask the author:in my chart, only three lines are shown above and only three lines are shown below. How can we achieve the six lines above and six lines below? Please give me a solution! Thanks a lot!

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Attenzione alle truffe, questo indicatore e' distribuito esclusivamente su MQL5.com nota: questo indicatore e' per METATRADER5, se vuoi la versione per  METATRADER4 questo e' il link:   https://www.mql5.com/it/market/product/108106 TRENDMAESTRO ver 2.5 TRENDMAESTRO   riconosce un nuovo TREND sul nascere, non sbaglia mai. La sicurezza di identificare un nuovo TREND non ha prezzo. DESCRIZIONE TRENDMAESTRO identifica un nuovo TREND sul nascere, questo indicatore prende in esame la volatilita' i
Meravith MT5
Ivan Stefanov
5 (3)
Indicatori
MERAVITH è un indicatore multi-timeframe di volume e liquidità per MetaTrader 5 che mostra il trend, le zone di supporto e resistenza, l'ingresso, gli obiettivi e lo stop loss su ogni timeframe. Ti dà una mappa completa della liquidità del mercato, uno strumento di liquidità in stile hedge fund, e fa ogni calcolo automaticamente con un metodo proprietario di prezzo medio ponderato per il volume, così non c'è interpretazione soggettiva. Funziona su Forex, oro (XAUUSD), indici e cripto, su ogni ti
Apex Market Structure Pro
Samuel Monga Ilunga
Indicatori
Vedi cosa sta davvero facendo il mercato.   Osserva le 3 fasi di mercato in diretta davanti a te (Contrazione, Espansione, Tendenza) e prendi entrate migliori nella fase   iniziale della Tendenza.      Smetti di indovinare. Inizia a leggere il mercato come fanno le istituzioni e lo smart money.   Apex Market Structure Pro per MT5 è uno strumento di analisi smart-money di precisione che elimina il rumore e ti mostra la vera   struttura sotto ogni candela: liquidità, cambi di struttura, zone di
Supply and demand indicators MT5
Xin You Lin
Indicatori
Title：FX-AIEA Supply and Demand Zone Indicator (MT5) — Technical Overview Version: 2.51 | Platform: MetaTrader 5 Introduction Supply and demand zones are considered a core manifestation of institutional order flow, providing a more direct reflection of buying and selling pressure than traditional support/resistance levels. This indicator attempts to automate the identification of high-probability supply and demand zones using an adaptive ZigZag algorithm, reducing the subjectivity and time asso
ORB Seeker MT5
Marcela Goncalves De Oliveira
Indicatori
Prezzo speciale per limitare la disponibilità e mantenere l'interesse per il prodotto! Solo $599! Dopo l'acquisto, contattami per ricevere in omaggio l'EA ORB Seeker e i file di configurazione personalizzati e ottimizzati. Individua con sicurezza le eruzioni cutanee durante le sessioni di allenamento! ORB Seeker MT5 è un indicatore ORB (Opening Range Breakout) professionale, pensato per i trader che desiderano precisione, semplicità, flessibilità e una struttura grafica chiara. Traccia automat
AriFocus
Temirlan Kdyrkhan
Indicatori
AriFocus - Non-Repainting Buy/Sell Signals AriFocus - one clear signal. AriFocus marks buy and sell signals directly on the chart and suggests a stop-loss level for each one. Every signal is confirmed on bar close and never repaints. - Buy/sell arrows, confirmed on bar close - Suggested stop-loss level for every signal - Trend band and candle coloring to show direction at a glance - 10 ready-made presets, or your own settings (14 calculation methods) - Pop-up, push and email alerts with entr
Transaction Speed MT5
Ivan Stefanov
5 (4)
Indicatori
L’indicatore evidenzia le zone in cui viene dichiarato interesse sul mercato , per poi mostrare la zona di accumulo degli ordini . Funziona come un book degli ordini su larga scala . Questo è l’indicatore per i grandi capitali . Le sue prestazioni sono eccezionali. Qualsiasi interesse ci sia nel mercato, lo vedrai chiaramente . (Questa è una versione completamente riscritta e automatizzata – non è più necessaria un’analisi manuale.) La velocità di transazione è un indicatore concettualmente nuo
Footprint and Order Flow for MT5
Dmitrii Dolbnev
Indicatori
Footprint is an indicator for order flow and volume analysis. It helps identify market structure at the cluster level, find key zones with increased activity, and work with filters directly on the chart without constantly opening the settings window. Footprint Indicator Features cluster-based Bid x Ask and Delta charts; on-chart control panel; sliders for filter adjustments; Absorption; Initiative; Stacked Imbalances; Big Trades; dPOC / Dynamic Point of Control; Delta; side market profile; cumul
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zbairen985
440
zbairen985 2023.02.25 12:59 

This software product is great. But there is a question to ask the author:in my chart, only three lines are shown above and only three lines are shown below. How can we achieve the six lines above and six lines below? Please give me a solution! Thanks a lot!

Thapelo Kapwe
298
Risposta dello sviluppatore Thapelo Kapwe 2023.03.06 19:46
Thank you for your review . For you to have 6 lines you need to add the indicator twice in a chart. with the following setting for the lines steps 1) when you add it for the first time leave the default line steps as 5,7,10
2) when you add it for the second time go to the inputs and change the line steps to 6,8,9 3) you can be flexible and change the line steps to any number which is not listed on the defaults for your own experiments and best setup let me know if you have managed
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