Abiroid Iterative Gaussian Channel MT4

1

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
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Filtrele:
BernardWG
334
BernardWG 2025.12.24 16:18 
 

This indicator does not work in the latest MT4 builds.

Abir Pathak
51979
Geliştiriciden yanıt Abir Pathak 2025.12.24 16:21
It was built using the latest MT4 editor and tested in latest build. It will be helpful if you could give more info like error screenshots etc in comments section. Or a PM before writing a negative review. So I could have helped you with the issue. But nevermind I guess :)
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