RSI with channels – indicator MetaTrader 4

RSI with channels - indicator for MetaTrader 4
This indicator promote new way of analyses signals from standard indicator named RSI. Main feature of RSI is level crossing signals. Usually 30 and 70. But it’s bad relative to real market state. That’s why i added dynamic levels for this indicator. By this way, signals efficiency become more powerful RSI with channels – indicator … Read more

Keltner Channels Set – indicator MetaTrader 5

X2MA_KLx11
This indicator uses considerably more than two Keltner Channels than the standard Keltner Channel indicator. The indicator shows overall picture of a financial asset behaviour in a more informative way. The indicator is built in two variants with different amount of levels for different application cases. The indicator is built with the use of universal … Read more

ATR Channels – indicator MetaTrader 5

ATR_Channels indicator
Real author: Luis Guilherme Damiani ATR Channels create price movement channels considering ATR (Average True Range) technical indicator. The indicator clearly shows trend acceleration and retardation moments and also overbought and oversold areas from the average true range perspective. The presented variant of this indicator allows to select the smoothing algorithm for the moving average … Read more

Channels – indicator MetaTrader 4

Channels - indicator for MetaTrader 4
The indicator automatically finds linear channels using all timeframes. During the first launch the indicator is most likely to notify of the absence of history data, because it needs 400 (default value) bars of each time period. In this case, switch to another time interval and switch back or restart the indicator. If you click … Read more

Donchian Channels System – indicator MetaTrader 5

Figure 1. Donchian_Channels_System
The indicator implements a breakthrough system using Donchian_Channels. When price exits the gray channel, the candlestick color changes to the color corresponding to trend direction. Green for the growth of a financial asset, orange color – fall. Bright colors denote coincidence of trend direction and direction of a candlestick. Dark colors correspond to the situation … Read more

Keltner Channels – indicator MetaTrader 4

Keltner Channels - indicator for MetaTrader 4
Author: GilaniI think it is a great type of indicators!As Eric L. Naiman said in his book – “Trader’s small encyclopedia”: “Professional traders operate on channel boundaries with very tight stops. This allows them to receive such an over spot, that several losses in a row are acceptable. Novices, however, trade inside the channel and … Read more