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Channel Trend Lines

Indicator introduction:

  •  A channel and trend line indicator, which is a good tool for manual trading, and also can be used for creating new EAs, without drifting or repainting.
  •  It applies to any timeframes and any symbols. 
  •  The work of the indicator is shown in the screenshots.

For any novice and programming trading friend, you can write the signal into the EA to play freely, buffer 0 corresponds to the bold trend line, buffer 4 and 5 respectively corresponds to the channel's upper and lower frontier.

Parameter introduction:

  • Sound Name: The alert sound file name, which must be located in the "...\drive_c\Program\Files\MetaTrader5\Sounds\alert.wav" folder.
  • Repetitions: The number of alert/email/notification repetitions when every time to inform you.
  • Pause, in seconds: The pause between two consecutive alerts/emails/notifications.
  • Use Sound: flag, whether or not to play the system sound.
  • Use Alert: flag, whether or not to use alert reminder.
  • Use Send Mail: flag, whether or not to use email reminder.
  • Use Send Notification: flag, whether or not to push messages to mobile phone.

My other indicators and EAs can be found at herehttps://www.mql5.com/zh/users/hzx/seller.



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Zhi Xian Hou
GOLD EA MT5 is a fully automated trading robot, which is developed by using the "Trend for MT5" indicator. It is based on the neural network+grid system, it selects trading opportunities with high probability of profit and low risk. The minimum initial deposit is 250 USD per 0.01 initial lots, every position has a hidden stop loss. EA has good performances on XAUUSD, and the maximum drawdown is relatively low. You can use 1-minute open price backtest   mode on MT5 client to do backtest. The val
Indicator introduction: The indicator is calculated by volumes and prices, It is a single side indicator, only has up arrow signals. It is better to use it in conjunction with other trend indicators, and you need to find the most efficient time to use it in order to acquire a high winning probability. The indicator can send emails, alerts and notifications to you when the indicator before k line has an up arrow. The indicator's parameters can be changed, including the computation period of the
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The Waterfall Trend Indicator MT5 uses line regression algorithm, using "Waterfall" in its name is in that it like waterfall when there is a strong down market trend. The indicator draws seven lines, one of which is sold line, others are dash line, the sold line is more stable. Indicator introduction  The indicator can effectively filter price noise since it is calculated with line regression. It can be used to analyze market trend and design new expert that is based on trend. When the trend lin
Advanced Trader MT5 is a fully automated trading robot developed by using custom indicator "Trend for MT5", which can be found here . The expert has been tested on AUDNZD、NZDCAD、AUDCAD and USDCHF using historical data of many years, you can also test it using real ticks history data on MT5 backtest platform. Even if you don't want to 100% automatically trade by it, you can still use it as a good tool for trading, there is parameters for you to control the EA trading and use it as a trade assist
Indicator Introduction The indicator is designed according to moving average formulas, which is more stable and  has less lag than  RSI or CCI. The indicator has three indicator values, the moving average period and the colors of the line can be manually changed.  What can this indicator brings to you? Accurate entry signals: The indicator draws up and down arrow signals. Multi-period trend analysis: Loading this indicator into a large timeframe chart and a small timeframe chart, the effect of
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