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Magic Channel Scalper MT5

Magic Channel Scalper is a channel indicator for the MetaTrader 5 terminal. This indicator allows finding the most probable trend reversal points.

Unlike most channel indicators, Magic Channel Scalper does not redraw.

The alert system (alerts, email and push notifications) will help you to simultaneously monitor multiple trading instruments.

Attach the indicator to a chart, and the alert will trigger once a signal emerges.

With our alerting system, you will never miss a single position opening signal!


Advantages

  • Perfect for scalping.
  • Excellent for identifying trend reversals.
  • Suitable for beginners and experienced traders.
  • Works on all timeframes.
  • The indicator does not repaint.
  • Flexible alerting system.
  • Chart customization (the size and color of lines).


Recommended symbols

USDCAD, EURUSD, USDCHF, AUDNZD, AUDCAD, GOLD.


Recommendations on usage

Buy when the price crosses the lower line of the indicator upwards (see screenshot 1, entry points are encircled).

Open Sell orders when the price crosses the upper line of the indicator downwards.

The indicator is best suited for intraday trading, on the timeframe from M5 to H4.


Parameters

  • Period - averaging period for calculating the indicator (key parameter).
  • PRICE - price for the indicator calculation (OPEN/CLOSE).
  • Coefficient - channel width ratio. The higher the value, the wider the channel.
  • Alert - enable/disable Alert.
  • Push - enable/disable sending messages to the mobile terminal.
  • clrUPPER - color of the upper indicator line.
  • clrLOWER - color of the lower indicator line.
  • Width - line width.


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Indicadores
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4.9 (10)
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Indicadores
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4.54 (13)
Indicadores
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3 (5)
Indicadores
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5 (19)
Indicadores
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4.17 (6)
Indicadores
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4.71 (49)
Indicadores
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Indicadores
This indicator belongs to the family of channel indicators. These channel indicator was created based on the principle that the market will always trade in a swinging like pattern. The swinging like pattern is caused by the existence of both the bulls and bears in a market. This causes a market to trade in a dynamic channel. it is designed to help the buyer to identify the levels at which the bulls are buying and the bear are selling. The bulls are buying when the Market is cheap and the bears a
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4.33 (6)
Indicadores
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Indicadores
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Indicadores
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Indicadores
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Indicadores
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Indicadores
The Psychological levels indicator for the MetaTrader 4 terminal. Forex trading is very closely related to psychology. The psychological factors often cause spikes in demand or supply, which is bound to affect the movement of the currency quotes. In Forex, the price usually moves within a certain price corridor, the so-called psychological levels often serve as the boundaries of such corridors. Where are these levels located, and what causes their formation? The psychological Forex levels occur
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Indicadores
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Indicadores
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