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WY Channel Searcher E MT5

Assistant EA. Multiple Instruments. Multiple Timeframes. Multiple digits. The professional tool to search for the price channels of various types. It has multiple configurable parameters.

Indicator version

Meta Trader 4 version


Parameters

Main

  • On/Off - enable/disable
  • Search In Last "N" Candles - search is performed in the specified number of candles on the chart (piece of market)
  • Min. Candles Between Construction Peaks - minimum number of candles between the peaks to plot the channel
  • Max. Candles Between Construction Peaks - maximum number of candles between the peaks to plot the channel
  • Peak Among "X" Candles (x=3 - min) - peak dimensions (the number of candles in the interval to search for the peak)
  • Min. Contacts About Border - minimum number of touches on the initial line to start plotting (the nearby peaks are considered touches)
  • Max. Contacts About Border - maximum number of touches on the initial line to start plotting (the nearby peaks are considered touches)
  • Rel. team. Of Peaks From The Line - relative deviation from the initial line for the peaks that are considered touches
  • Rel. Rem. Of The First Peak From A Distant Peak - relative distance of the nearest plotting point of the initial line from the distant plotting point
  • Rel. Filling Of A Starting Parallelogram - relative filling of the price curve by the area of the initial parallelogram
  • Relative Exit For Borders - relative allowed price excess value beyond the channel borders
  • Min. Inclination Of The Channel - minimum allowed relative inclination of the channel (absolute inclination channel of the line)
  • Max. Inclination Of The Channel - maximum allowed relative inclination of the channel (absolute inclination channel of the line)

Sounds and graphical display

  • Play Warn. Sound On Detect - sound alert when a channel is detected
  • Play Warn. Sound On Following - sound alert when a channel is followed
  • Play Warn. Sound On Following Break - sound alert when a channel ends
  • Draw Points - draw plotting points and touching peaks
  • Draw Lower Line - draw the lower line of the channel
  • Draw Upper Line - draw the upper line of the channel
  • Use Following Mode - enable the following mode
  • Old Line Cleaning - clear old channels
  • Last Channels In Memory - leave the last channels on the chart
  • Lower Line Color - color of the initial lower line
  • Upper Line Color - color of the initial upper line
  • Lower Help Line Color - color of the followed lower line
  • Upper Help Line Color - color of the followed upper line
  • Points Color - color of dots
  • Lines Width - width of all lines
  • Points Width - dot width
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