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Daily Channel Pro mt4

Use this indicator to help determine when to open buys or sells based on the slope and direction of the channel.

Excellent for scalping.

Settings:

TrendPeriod.

Deviation.

ChannelPeriod.

Features Alerts.

How to use:

Simply attach to any chart.

To use on lower timeframes (M1,M5,M30), you'll need to start setting the Deviation from 0.01 and increase it if needed.

If used on lower timeframes  (M1,M5,M30,H1), confirm on higher timeframes (H4,D,W) before entering trades.

H1: Set Deviation to 0.5.

H4: Set Deviation to 1.0.

Daily: Set Deviation to 3.0.

Weekly: Set Deviation to 5.0.

Monthly: Set Deviation to 12.

Zoom chart in to get a better view of the channel and lines.

Buy: 

Channel slope is upward and blue trend line.

Best results when channel sloping is upward on multiple timeframes.

Sell:

Channel slope is downward and red trend line.

Best results when channel sloping is downward on multiple timeframes.


Or backtest and use as you see fit for your strategy.

Best results on Major Pairs, but can also be used on other pairs.


Important to note:

  • Please do not use this indicator haphazardly. Make sure it compliments your strategy.

  • Don't risk money you cannot afford to lose.

  • You use this indicator at your own risk. Please apply money management wisely.

  • Always test your strategy on a demo account before using a new indicator on a live account.


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Use this indicator to help determine when to open buys or sells based on the color of the line. Excellent for scalping. Settings: Deviation. TrendPeriod. Features Alerts. How to use: Simply attach to any chart with default settings. When used on lower timeframes (M1,M5,M30,H1), confirm on higher timeframes.  Buy:  Blue line below price. Best results when line is blue on multiple timeframes. Sell: Red line above price. Best results when line is red on multiple timeframes. Or change settin
This indicator uses a special algorithm to plot the 4 lines for trading. Great for scalping. Does not feature any alerts and is best used manually after confirming the line displays. No need to set up the indicator. How to use: Attach to any chart. Can be used on any time frame. If used on lower time frames, check higher time frames for confirmation. Buy : - Wait for green and white lines to be above the level 50 dotted line, then open buys. - Buy when the green line crosses below the white line
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Natasha Diedericks
This indicator takes input from a trend filter to determine best entries for trades, on the crossings of the two lines. Excellent for scalping. A simple indicator that doesn't need setting up. Does not feature any alerts. How to use: Simply attach to any chart. When used on lower timeframes, also confirm on higher timeframes.  Buy:  Blue line moves to Level-0 yellow dotted line. Best results when confirming this on multiple timeframes, e.g., Daily-Weekly-Monthly. Sell: Red line moves to Level-0
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Version 1.3 2023.03.09
Default setting update.
Buffer update.
ChannelPeriod added.
Version 1.2 2023.03.03
Input signal update.
Version 1.1 2023.03.02
Buffer update.
Default settings update.