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Meco Ultimate Channel

5

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 are selling when the Market is expensive.


It is designed to help the trader practice a principles of "Buy THE LOW, SELL THE HIGH". This indicator can be used to trade Ranging markets and Trending Markets.in Ranging markets, Reversal strategies can be used along with this indicator and in Trending Markets , Trend trading Strategies can be used along side with this indicator.


In Trend Reversing strategies , it can be used with Oscillators like RSI, STOCHASTIC, MACD, ATR, VOLUMES, Divergence indicators , harmonic Patterns, ICT and smart Money strategies. for Trend Followings  strategies the channel can be used with indicators like Pullback indicators , Oscillator Convergences , Continuation Patterns like Triangle , Flags, Market imbalances etc
in trend reversing the orders are executed when the prices reaches the upper and lower bands of the channel as shown on the screenshots. In trade following the orders are executed when reaching the mid line of the channel which is dotted line in the default setting as shown on the screenshots. The indicator can be used in any time-frame from scalping , swing trading and investing. it can be used in all market from Forex, stock and Synthetics.  

The channel can be modified to suit the market you are trading, by changing the  bands of the channel or the averaging method of the channel.Also the colour of the bands can be changed to suit the background of your choice.  by default the indicator comes with 3  upper bands and 3 lower bands , hence you can add it twice in a chart to have 6 upper bands and 6 lower bands. the bands can be stepped by 5, 6,7,8,9,10. You will also need to zoom in your charts to see all the channel bands.  

Comentarios 1
zbairen985
440
zbairen985 2023.02.25 12:59 
 

This software product is great. But there is a question to ask the author:in my chart, only three lines are shown above and only three lines are shown below. How can we achieve the six lines above and six lines below? Please give me a solution! Thanks a lot!

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Elliott Wave Trend MT5
Young Ho Seo
4 (3)
Indicadores
Elliott Wave Trend was designed for the scientific wave counting. This tool focuses to get rid of the vagueness of the classic Elliott Wave Counting using the guideline from the template and pattern approach. In doing so, firstly Elliott Wave Trend offers the template for your wave counting. Secondly, it offers Wave Structural Score to assist to identify accurate wave formation. It offers both impulse wave Structural Score and corrective wave Structure Score. Structural Score is the rating to sh
EQ Cutrim Theory
Marco Aurelio Santos Costa
Indicadores
Ronal Cutrim has been a dedicated mathematician for 14 years and has more than 10 years of experience in the financial market. The concept of the theory is simple, find imbalance between buyers and sellers. Which makes a lot of sense, because nothing goes up forever, nothing falls forever.   When you find an asset with a mathematical probability of unbalanced equilibrium, it is a great way to get into trading:  TUTORIAL: Turn on the subtitles, the video is subtitled
AK Capital Opening Range Breakout with targets
AK Capital Markets Limited
5 (3)
Indicadores
Offer 249 down from 350 for the next 1 copies. then back to 350 $ Are you tired of using outdated indicators that leave you guessing where to set your profit targets? Look no further than the AK CAP Opening Range Breakout Indicator. This powerful tool is backed by a US patent and has already helped countless traders pass funded challenges like FTMO. We use it daily on our prop traders and internal funds, and now it's available to you as well. The calculation behind the indicator is incredibly
Eng Gold
Ely Alkrar Xshkaky
Indicadores
ENG-GOLD Scalper It is an auxiliary indicator that identifies potential targets and determines the place of entry with a stop loss that works on Heiken Ashi candles  The green lines are usually the targets, the red lines are the stop loss, and the yellow lines are the entry location.  This file is recognized on small and medium frames, usually less than the watch frame I highly recommend using XAUUSD US100 US30 USOIL 
RAD Real Acummulation and Distribution
Jose Alejandro Jacome Jimenez
Indicadores
NIVELES CRITICOS DE RAD Los procesos de Acumulación y Distribución de Volumen generan los soportes y resistencias naturales del mercado.  A medida que estos proceso se generan, los niveles en los que el volumen relevante se posiciona se convierten en zonas de difíciles de franquear al alza o a la baja. El indicador RAD,   rastrea el Volumen Relevante en tiempo real, identificando los  procesos de acumulación y distribución, graficándolos como  zonas de SOPORTE o RESISTENCIA.  Mediante el uso de
Weis Wave with Alert MT5
Trade The Volume Waves Single Member P.C.
4.93 (15)
Indicadores
Rental/Lifetime Package Options and Privileges  * For optimum results the yearly or lifetime package is suggested due to live training ! Rent Monthly Six Months   Yearly/Lifetime Weis Wave with Speed with Alert+Speed Index x x x Manual  x x x Quick Set up Video x x x Blog x x x Lifetime Updates x x x Setup and Training Material x x Free Rectangle Break Alert Tool      x Discord Access Channel "The SI traders" x 2-hour live methodology training x How to trade with it:    http://
VTrende Pro
Andrii Diachenko
5 (1)
Indicadores
VTrende Pro - MTF indicator for trend trading with a display panel for MT5 *** Videos can be translated into any language using subtitles (video language - Russian) Although the signals of the VTrende Pro indicator can be used as signals of a full-fledged trading system, it is recommended to use them in conjunction with the Bill Williams TS. VTrende Pro is an extended version of the VTrende indicator. Difference between Pro version and VTrende: - Time zones - Signal V - signal 1-2 waves
Elliot Waves Analyzer Pro
Viktor Weidenthal
3.25 (4)
Indicadores
Elliot Waves Analyzer Pro calculates Elliot Waves to Help Identify Trend direction and Entry Levels. Mainly for Swing Trading Strategies. Usually one would open a Position in trend direction for Wave 3 or a Correction for Wave C . This Indicator draws Target Levels for the current and next wave. Most important Rules for Elliot Wave Analysis are verified by the Indicator.  The Pro version analyzes Multiple Timeframes and shows the Subwaves and Target-Levels.   For an Overview  " Elliot Waves Anal
NakaSide
Ricardo De Andrade Nakano
Indicadores
¡Presentamos NakaSide - Tu Indicador Definitivo de Oportunidades en el Mercado! ¿Estás cansado de perder oportunidades de trading rentables? ¿Estás listo para llevar tu trading al siguiente nivel? ¡No busques más, porque NakaSide está aquí para revolucionar la forma en que operas! NakaSide no es solo otro indicador común y corriente; es tu arma secreta para navegar el complejo mundo de los mercados financieros con confianza y precisión. Con sus avanzados algoritmos y tecnología de vanguardi
AI Binary Sniper
Angelo Capoferri
Indicadores
INDICADOR basado en INTELIGENCIA ARTIFICIAL que genera posibles entradas de compra y venta de opciones binarias. El indicador funciona con 3 estrategias diferentes: 1) al leer volúmenes, envía una señal cuando el precio debería revertirse 2) a través de la divergencia entre precio y volumen, envía una señal de cuándo la tendencia debe continuar o revertirse 3) a través de la convergencia entre precio y volumen, envía una señal de cuándo debe continuar la tendencia. el indicador fu
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zbairen985
440
zbairen985 2023.02.25 12:59 
 

This software product is great. But there is a question to ask the author:in my chart, only three lines are shown above and only three lines are shown below. How can we achieve the six lines above and six lines below? Please give me a solution! Thanks a lot!

Thapelo Kapwe
275
Respuesta del desarrollador Thapelo Kapwe 2023.03.06 19:46
Thank you for your review . For you to have 6 lines you need to add the indicator twice in a chart. with the following setting for the lines steps 1) when you add it for the first time leave the default line steps as 5,7,10
2) when you add it for the second time go to the inputs and change the line steps to 6,8,9 3) you can be flexible and change the line steps to any number which is not listed on the defaults for your own experiments and best setup let me know if you have managed
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