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Channel Notifier MT4

30 USD

Demo downloaded: 730

Published: 5 May 2017

Current version: 1.2

Channel Notifier MT4

Indicators
Dmitry Timin
Version: 1.2
Updated: 1 August 2018
Activations: 5

Channel Notifier is a universal indicator, which can plot different types of channels with the ability to send notifications about the channel breakouts. A breakout can be registered based on different rules, such as the price directly reaching a new level, a bar closing beyond the channel, the whole bar being outside the channel, etc. The notifications can be configured as alerts in the MetaTrader terminal, or as push notifications to mobile devices.

Input parameters

Indicator - type of the indicator (Bollinger Bands, Envelopes, Price Channel, Moving Average Channel). New types of indicators can be added on demand

Main settings

Period - averaging period, applied to all types of channels
Shift - applicable to Bollinger Bands, Envelopes and MA Channel
MA Method - applicable to Envelopes and MA Channel
Apply to - applicable to Bollinger Bands and Envelopes
Deviations - applicable to Bollinger Bands and Envelopes

Channel widening

Offset up/down value - offset of the upper/lower boundaries by the specified number of points/percents
Offset up/down unit - unit for measuring the offset of the channel boundaries:

Points

upper boundary = High(period) + Points
lower boundary = Low(period) - Points

Percents

upper boundary = High + (High-Low)*Percents
lower boundary = Low - (High-Low)*Percents

Notifications

Channel break mode - breakout detection mode

Bar close - bar closed outside the channel boundaries
Bar open and close - Open and Close of the bar are beyond the channel boundaries
Whole bar - all bar prices are outside the channel boundaries
Price touch - price reached the channel boundaries

Break notification - how to send notifications

None - do not send notifications
Alert - alert in the MetaTrader 4 terminal
Print - output text in the terminal window
Push notification - push notification to mobile device
Email - notification by email

Notification frequency - frequency of sending notifications

Each event- every time a breakout is detected, no more than once per bar
Retest- repeated notifications are sent when the price goes back into the channel (bar is below the upper boundary of the channel or above the lower boundary)
Once - notifications are sent once per each breakout direction (waits for a breakout of the lower boundary after a breakout of the upper boundary, etc.)

Supported channel types and their input parameters

Bollinger Bands - the standard Bollinger Bands indicator

Parameters:

Period - period of averaging for calculation of the indicator
Deviations - the number of standard deviations from the main line
Shift - shift of the indicator in relation to the price chart
Apply to - applied price (Open, Close, Median, etc.)

Envelopes - the standard Envelopes indicator

Parameters:

Period - period of averaging for calculation of the indicator
MA Method - averaging method (SMA, MMA, etc.)
Shift - shift of the indicator in relation to the price chart
Apply to - applied price (Open, Close, Median, etc.)
Deviations - deviation from the main line as a percentage

Price Channel - price channel

Parameters:

Period - period for calculating the High/Low price

Moving Average Channel - combination of 2 moving averages - by Highs and Lows of the bars

Parameters:

Period - period of averaging for calculation of the indicator
Shift - shift of the indicator in relation to the price chart
MA Method - averaging method (SMA, MMA, etc.)

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APriceChannel is a modification of the standard Price_Channel indicator. The EA draws 2 levels - the upper level shows the price High for the specified period of time, the lower level shows the price Low for the same period. In addition to the period, you can set vertical offset in points to widen the channel up and down. This prevents false breakouts of current support/resistance levels. Inputs Period - time period in bars - the number of bars to calculate the price High/Low. Offset up and do

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SimpleStop is a utility for professional traders: full support for the strategy tester for manual trading (Backtest) - placing, dragging, deleting orders (also available in the demo version); placing orders in one click at the price with no limits on the maximum allowed offset level, as well as in a closed market. The EA places an appropriate order at the appropriate time - stop, limit or opening a position by market within the maximum slippage; automatic Money Management; automatic placement of

30 USD

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Version 1.2 2018.08.01

- bugfix calculating price offset in points
- new notification type by email