Gauss Channel Pro

Gaussian Envelope is an innovative technical indicator that uses Gaussian-weighted moving average to create dynamic price channels. Unlike traditional volatility indicators (Bollinger Bands, Keltner Channels), Gaussian Envelope provides smoother and more accurate price tracking through the use of the bell-shaped Gaussian function.

The indicator is particularly effective in trending markets and for identifying reversal points, providing traders with clear entry and exit signals.

Key Features

📊 Two Operating Modes

• Repainting Mode - Dynamic drawing for maximum signal accuracy

• Non-Repainting Mode - Stable lines without repainting for reliable analysis

🎯 7 Price Types

• Close, Open, High, Low

• Median (H+L)/2

• Typical (H+L+C)/3

• Weighted (H+L+2C)/4

⚡ Smart Signal Filtering

• Trend strength filtering

• Minimum interval between signals

• Adjustable sensitivity threshold

🔔 Multi-Level Alert System

• Popup notifications on chart

• Sound alerts

• Push notifications to mobile devices

• Configurable cooldown between alerts

📈 Visual Features

• Fill area between bands with adjustable opacity

• Signal arrows on chart

• Information dashboard with signal history

How It Works

The indicator calculates a weighted moving average where weights follow a Gaussian distribution (bell curve). This provides:

1. Less lag compared to conventional MA

2. Better noise smoothing

3. Adaptive channel width based on Mean Absolute Error (MAE)

The upper and lower channel boundaries are constructed as:

Input Parameters

Core Settings

Signal Settings

Alert System

Visual Settings

Trading Signals

🔴 SELL Signal

Price closes BELOW the lower band

Interpretation: Bearish impulse, exit from oversold condition

🟢 BUY Signal

Interpretation: Bullish impulse, exit from overbought condition

⚪ NEUTRAL

Price is inside the channel

Interpretation: Consolidation, no clear signal

Information Dashboard

The dashboard displays in real-time:

• Current Bandwidth and Multiplier values

• Selected price type

• Operating mode (Repainting/Non-Repainting)

• Current smoothed value

• Latest signal and its time

• Last 3 signals history

• Indicator performance (ms/calculation)

Advantages

✅ High Accuracy - Gaussian smoothing provides better signal-to-noise ratio
✅ Adaptability - Channel automatically adjusts to volatility
✅ Ease of Use - Intuitive signals
✅ Flexible Configuration - Multiple parameters for any strategy
✅ Optimized Performance - Computation caching for fast operation
✅ Informative Feedback - Detailed dashboard with data

Recommended Settings

For Scalping (M1-M5)

For Day Trading (M15-H1)

Bandwidth: 8-12
Multiplier: 2.5-3.0
Filter Signals: true
Signal Strength: 0.3-0.4

For Swing Trading (H4-D1)

Usage Examples

Strategy 1: Channel Breakout

1. Wait for candle to close OUTSIDE the channel

2. Open position in breakout direction

3. Stop loss on opposite channel boundary

4. Take profit at 2-3 channel widths

Strategy 2: Mean Reversion

1. Price touches channel boundary

2. Wait for reversal confirmation (candlestick pattern)

3. Entry toward middle line

4. Stop loss beyond channel boundary

Strategy 3: Trend Filter for Systems

1. Use channel direction as trend filter

2. Trade only in channel slope direction

3. Ignore counter-trend signals

System Requirements

• Platform: MetaTrader 5

• Timeframes: M1 to MN1

• Symbols: Any (Forex, CFD, Futures, Crypto)

• RAM: 64 MB minimum

• CPU: 1.0 GHz minimum