• Información general
  • Comentarios (4)
  • Discusión (9)

Magic Channel

4.5

Magic Channel is a channel indicator for the MetaTrader 4 terminal. This indicator allows finding the most probable trend reversal points.

Unlike most channel indicators, Magic Channel 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!

You can test the program by downloading the demo version.

Magic Channel for the MetaTrader 5 terminal : https://www.mql5.com/en/market/product/64301

Advantages of the indicator

  • 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

USD/CAD, EUR/USD, USD/CHF, AUD/NZD, AUD/CAD, 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 - key parameter responsible for the averaging period for calculating the indicator.
  • PRICE - price for the indicator calculation, OPEN or CLOSE can be selected.
  • Coefficient - channel width ratio. The higher the value, the wider the channel.
  • Alert - enable/disable Alert. If true - enabled, false - disabled.
  • Email - enable/disable sending e-mails. If true - enabled, false - disabled.
  • Push - enable/disable sending messages to the mobile terminal. If true - enabled, false - disabled.
  • clrUPPER - the color of the upper indicator line.
  • clrLOWER - the color of the lower indicator line.
  • Width - line width.


Comentarios 4
Marzipano
635
Marzipano 2018.05.28 14:18 
 

I like it...

RDI
1482
RDI 2019.05.18 23:32 
 

ok

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Indicadores
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Indicadores
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Indicadores
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Indicadores
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4.67 (9)
Indicadores
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4.9 (652)
Indicadores
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Indicadores
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5 (1)
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
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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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Trade2222
1087
Trade2222 2023.06.06 12:31 
 

El usuario no ha dejado ningún comentario para su valoración

sphomin99
64
sphomin99 2019.09.05 22:44 
 

El usuario no ha dejado ningún comentario para su valoración

RDI
1482
RDI 2019.05.18 23:32 
 

ok

Marzipano
635
Marzipano 2018.05.28 14:18 
 

I like it...

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