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.  

Comentários 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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Abdul Hamas
Indicadores
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Marco De Donno
Indicadores
Have you ever wondered why most systems are not effective in live trading? My answer is that it's all the fault of the so-called "Smart Money" or the institutional ones,, they constantly create spikes first up then down and vice versa to screw all the retail investors by tearing away their capital, confusing them and making the markets move randomly without any rules. But in all this there is a famous strategy, which in 2009 won the world championship, exploiting and rowing against the instituti
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Antonio-alin Teculescu
5 (1)
Indicadores
Chronos Fractal Engine is an innovative price projection indicator for MetaTrader 5, designed to transform your technical analysis by intelligently identifying and projecting historical price patterns. Built upon an advanced correlation algorithm and the fractal principles of the market, this powerful tool visualizes potential future price movements, giving you a unique edge in your trading decisions. What is Chronos Fractal Engine? At its core, the Chronos Fractal Engine employs a sophisticat
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Xin You Lin
Indicadores
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Marcela Goncalves De Oliveira
Indicadores
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Ahmed Gamal Abdel Nasser Mohamed
Indicadores
Zain Gold Scalping V5 is a technical analysis indicator for MetaTrader 5 designed for Forex and Gold markets. It provides chart-based market information, trend analysis, signal conditions, and an on-screen dashboard to help traders analyze price movement across multiple timeframes. Main Features The indicator supports multiple timeframes, including M1, M5, M15, M30, H1 and higher timeframes. It can be used with Gold (XAUUSD), Forex currency pairs, indices and other supported instruments. The in
IQ FX Gann Levels MT5
INTRAQUOTES
Indicadores
IQ FX Gann Levels a precision trading indicator based on W.D. Gann’s square root methods . It plots real-time, non-repainting support and resistance levels to help traders confidently spot intraday and scalping opportunities with high accuracy. William Delbert Gann (W.D. Gann) was an exceptional market analyst, whose trading technique was based on a complex blend of mathematics, geometry, astrology, and ancient mathematics which proved to be extremely accurate. We don't offer free or bonus indic
YiiYnn lines to predicate the change of trending
Feng Yi
Indicadores
—— 进入本指标前，请谨记：『 不易，变易 』。拔开数理统计的枝叶，变化是不变的定理才是本指标的由来和内涵思想。本指标只应指明变化到不变之间的契机。 本指标——阴阳线指标（YiiYnn）由一条粗蓝色实线和一条细烟绿色虚线构成，粗实线叫阳线(Ynn)，作为主线，细虚线叫阴线（Yii），作为辅线。本指标不同DeMarks去搜索哪个周期的最高最低，也不同Stoch那样告诉你超买超卖超过后缩小再等超买超卖直至资金的尽头。本指标是分析价格减速动态均值线的（偏）相关性及自相关性，并采用标准差的方法进行滤波以求趋势示意更明朗。所以，本指标有以下特性： 指标依据波浪理论，有二阶线性插值模拟组合多条均线（开收高低）构建波浪动力并分析它们各自相关性，所以将对趋势有很好的 预测性 ——与MACD、ATR等相比。它并非只让我们看到趋势的尾巴，请参考最后一张示例图； 指标采用简单的方差进行差相过滤，在兼顾计算性能的同时让盘整阶段的指示更明朗； 阳线与阴线之间是偏相关差相，具有阴消阳长相互激励、抵消的特点，因此命名； 本指标中判定的趋势与常人所称『趋势』不同，本指标中的趋势包括： 上涨、下跌和横盘 。不要忽略横盘
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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
Resposta do desenvolvedor 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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