Abiroid Iterative Gaussian Channel MT5
- Индикаторы
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Abir Pathak
I create MT4 and MT5 indicators. They are mainly arrows and scanner indicators and also some essential utilities.
I'm hoping they will make your trading easier and make you profitable.
You can join my Telegram channel to keep track of all products I post. - Версия: 1.1
- Обновлено: 27 декабря 2025
Detailed blogpost:
https://www.mql5.com/en/blogs/post/766378
Key Features
- Adaptive Upper/Lower bands
- Smooth Center Line
- Customizable Length (sensitivity)
- Non-Repainting (only current ongoing bar is updated every "Refresh After Ticks" number of ticks)
- Multiple Price Sources - Choose from close, open, high, low, median, typical, or weighted close
Components:
The Basis Line
The smooth center line represents the weighted average of price. Think of this as the "true" price level when all the noise is removed.
Price trades above the basis line, buyers are in control; below - sellers are in control
And price will keep coming back to this center line
The Upper/Lower Bands
These represent the boundaries of the channel. They separate when volatility increases and contract when volatility decreases. Price reaching or exceeding these line signals potential:
- A strong continuation if price is trending up (above upper) and trending down (below lower) bands
- A reversal if price briefly touches them and reverse during a pullback - especially if center line indicated sideways market
