Channel ‣ MetaTrader Trading Robots

Keltner Channel – indicator MetaTrader 5

March 6, 2024 by

Keltner Channel - indicator for MetaTrader 5

Real author: Chester Keltner The indicator shows the Keltner Channel — a classic technical indicator developed by Chester Keltner in 1960. It may look similar to Bollinger Bands. It uses three chart lines: middle line is a 10-day simple moving average by typical prices ((high + low + close) / 3), upper and lower lines

Donchian Channel Indicator – indicator MetaTrader 4

March 6, 2024 by

Donchian Channel Indicator - indicator for MetaTrader 4

Author: Code: me. Idea: Richard Davoud Donchian –> The upper line shows the highest high of n bars. The lower line shows the lowest low of n bars.Tested, yes. But not excessively. Use at your own risk. Feel free to modify or do whatever with it. Donchian Channel Indicator – indicator MetaTrader 4

Working inside the channel – indicator MetaTrader 4

March 6, 2024 by

Working inside the channel - indicator for MetaTrader 4

The system applies the internal channel from High and Low. It has been developed as early as 2001 and proven to be quite efficient. I work in both directions simultaneously with no additions. However, the choice is yours. If you have any questions, feel free to contact me. Dots – entering the market by orders.

Fine Fractal Channel – indicator MetaTrader 4

March 6, 2024 by

Fine Fractal Channel - indicator for MetaTrader 4

Fine Fractal Channel A quick gluejob of two simple but useful indicators. Requires FineFractals by Denis Orlov. Useful for fractal breakouts and to visualize almost all Support/Resistance lines. Sits nicely inside Fractal Channel to give more signals. Fine Fractal Channel – indicator MetaTrader 4

Channel ZZ – indicator MetaTrader 4

March 6, 2024 by

A brand-new version of the old indicator Now it has more speed and functionality. Merry Christmas and happy New Year! Channel ZZ – indicator MetaTrader 4

Plombiers – oscillator in the channel. – indicator MetaTrader 5

March 6, 2024 by

Plombiers Indicator - oscillator in the channel

Example of the channel and Stochastic oscillator. Sometimes this is useful – to observe the behavior of the oscillator in the channel. Greatly simplifies the evaluation of the situation. By changing the parameters, you began to see clearly. Plombiers Indicator – oscillator in the channel Plombiers – oscillator in the channel. – indicator MetaTrader 5

Commodity Channel Index (CCI) – indicator MetaTrader 5

March 6, 2024 by

Commodity Channel Index technical indicator (CCI) measures the deviation of the commodity price from its average statistical price. High values of the index point out that the price is unusually high being compared with the average one, and low values show that the price is too low. In spite of its name, the Commodity Channel

Price Channel – indicator MetaTrader 5

March 5, 2024 by

The market is often accelerates and decelerates its movements, so it’s not easy to draw the straight lines of support and resistance levels. The Price Channel Indicator draws the price channel, its upper and lower boundaries are determined by maximal and minimal prices for a certain period. Price Channel indicator Price Channel – indicator MetaTrader

Hodrick-Prescott Channel – indicator MetaTrader 5

March 5, 2024 by

The indicator plots a price channel using the Hodrick-Prescott Filter. The first step is to calculate the smoothed values of Close prices. After that it smoothed again with higher smoothing period. As a result we will have HP and HPSlow. On the next step we calculate the standard deviation HP relative to HPSlow and construct

Position in channel – indicator MetaTrader 5

March 5, 2024 by

The indicator shows the position of the current price in a channel. First it determines the channel boundaries. The upper boundary is defined as the maximal value of High[], the lower boundary is determined from the minimal values of Low[]. If the current value of Close[0] is located in the middle of the channel, its