Channel indicators
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TmaTrue 3.0 with Distances indicator is a channel formed by the so-called "Triangular Moving Average" (TMA). The TmaTrue 3.0 with Distances indicator additionally features visualization of the channel width in pips, as well as the distance from the price to each moving average. ForTrader experts note that the TmaTrue 3.0 with Distances indicator, despite the use of moving averages, is not a trend indicator, but is intended for use in channel strategies that involve trading when the price bounces from the channel boundary. TmaTrue 3.0 with Distances indicator is not recommended for use on highly volatile currency pairs. The best results (up to 90% of profitable deals) the indicator shows when trading on commodity assets....
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Keltner Channels indicator jurik nrp 2 nmc is a modification of the popular Keltner Channels indicator with extended settings and functionality. the Keltner Channels indicator jurik nrp 2 nmc displays a channel built on volatility. Price exceeding the upper limit of the channel is a buy signal, price breaking the lower limit is a sell signal. The indicator works in multiframe mode, displaying a channel from the specified timeframe on the price chart of the currency pair. Additionally, the Keltner Channels indicator has a trend indicator, which changes color depending on its direction. The experts of ForTrader.org think that the Keltner Channels indicator jurik nrp 2 nmc can replace the traditional Keltner Channels indicator...
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i-BBwithFractdev indicator is a modification of the standard Bollinger Band indicator of the MetaTrader 4 platform. Unlike standard Bollinger Bands, which builds the price channel only by an integer value of the deviation coefficient, the i-BBwithFractdev indicator allows using fractional values, such as Fibonacci numbers. Fibonacci levels are extremely popular among traders. Therefore, the use of Fibonacci numbers in the i-BBwithFractdev indicator, according to ForTrader.org experts, will extend its functionality and increase the accuracy of signals. Download i-BBwithFractdev Indicator Other Bollinger Band Indicator Modifications
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The LinRegression Breakout signal indicator is intended for drawing price channels on the currency pair chart, as well as for marking market entries at the breakout of channels. When breaking through the channel, the LinRegression Breakout signal indicator gives a signal to enter the market in the form of up or down arrows. Stop Loss level is indicated with a cross, Take Profit level - with an arrow pointing to the side. The LinRegression Breakout signal indicator is set by default for the currency pairs EUR/USD, EUR/GBP and the M15 timeframe. The indicator can be set up for any currency pair and timeframe if you want. According to the experts of ForTrader.org journal, the signal indicator LinRegression Breakout can be used as a source of trading signals only for...
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The Better Bollinger Bands indicator is not just a modification of the standard Bollinger Band indicator, but is calculated using a completely different formula. The Better Bollinger Bands indicator displays a dynamic channel built on changes in volatility. As volatility decreases, the channel width also narrows, therefore a sharp break through the channel borders is considered as the beginning of a new movement. Indicator settings Better Bollinger Bands Periods - period of the moving average being the middle line of the channel; Devs - coefficient of the channel width; Price - price on which the indicator is calculated: 0 - closing price (Close), 1 - opening price (Open), 2 - maximum price (High), 3 - minimum price (Low), 4 - average price, (High+Low)/2, 5...
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ATR Channels indicator belongs to the category of channel indicators. On the price chart of the currency pair, it displays several price channels, for the construction of which are used moving averages and the value of ATR. The settings of the ATR Channels indicator allows you to assign each price channel its coefficient, which makes it possible to narrow or expand each channel separately. Application in trading A feature of the ATR Channels indicator is the expansion of channels with increasing volatility, and the narrowing of the channels with decreasing volatility. According to experts of ForTrader.org, the ATR Channels indicator can be used in trading to determine the levels of setting stop-loss and take profit orders, as well as determining entry points into the market, using a channel strategy. Download the ATR Channels indicator...
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Psevdo regress v2 indicator is designed for trading in a channel or on a breakdown. The Psevdo regress v2 indicator displays lines that look like regression lines, but are not. That's why the word "pseudo" is in the name. On the price chart of the currency pair, the Psevdo regress v2 indicator displays two red lines and one yellow line. Lines of red color are drawn on fractals down for an uptrend and on fractals up for a downtrend. The yellow line marks the middle of the price channel formed by the red lines. The main line in the indicator is yellow. Its direction and slope angle indicate the current trend of the trading instrument. According to experts...
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The Center of Gravity indicator is a channel indicator, which displays on the price chart of the currency pair a channel, consisting of 5 lines: Blue line - the middle line of the channel; Green lines - internal borders of the channel; Yellow lines - external borders of the channel. The distance between the inner and outer borders is directly related to the volatility level - the more volatility is, the less the gap between the borders is. Using Center of Gravity indicator The Center of Gravity indicator is used in channel strategies and suggests using two types of entry points: Rebound from the channel's border When the price rebounds from the lower border, we open a buy position, setting the first take profit on the middle...
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STARC Bands indicator displays Stoller's average range channels on the price chart, called STARC Bands. STARC Bands indicator is an alternative to the standard Bollinger Bands indicator. In stable markets, STARC bands are narrowed, and expand as volatility increases. Unlike Bollinger Bands, STARC bands do not use close prices and standard quadratic deviation, but rather use the average true ATR range to calculate the average volatility level, which provides more meaningful information about the volatility level. The optimal ATR period is 10. Using STARC Bands indicator in trading The STARC Bands indicator reading can be interpreted in two ways. When using STARC Bands in signal interpretation, crossing by price of the upper or lower channel band is regarded as a signal.
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The Keltner Channel indicator displays a Keltner channel on the price chart, based on price volatility. The channel, which resembles the standard Bollinger Bands, consists of three lines: The middle line - a simple moving average with a period of 10, built on "typical" prices ((high + low + close) / 3); The upper and lower lines - the result of adding and subtracting the value of the average daily price range with the middle line. Keltner Channel indicator parameters MA_Period (default = 10) - period of moving average (middle line). Mode_MA (by default = MODE_SMA) - type of Moving Average (Middle Line). Price_Type (default = PRICE_TYPICAL) - type of prices for the moving average (middle line). Application in...
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Cor Zig Zag Trade Indicator displays channels on the price chart of the currency pair, built on the highs and lows of the Zig Zag indicator. According to experts of the ForTrader.org magazine, the Cor Zig Zag indicator can become an element of a trend trading system, and will also be useful for traders who practice in the analysis of the Zig Zag indicator. Download Cor Zig Zag Indicator You may also be interested in ZigZag Pointer - Extremes indicator MultiZigZag - multiple ZigZag indicator
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enLight_LRChannel_Draw indicator unmistakably defines channels on the chart. In fact, the technology of channel detection is identical to the system described by V. Barishpoltz in his system of "Moving Channels". Algorithm of the forex indicator enLight_LRChannel_Draw The channel is drawn with the color ColourT, if the MinChannelWidth parameter in the Expert Advisor is set to zero or the Expert Advisor is not set on the chart. The channel is drawn with the color ColourTrue, if the MinChannelWidth parameter of the Expert Advisor allows trading at this channel width. Otherwise, it is drawn with the color ColourFalse. The indicator draws the lines of the current channel. However, if you want to draw the channel lines manually, then disable the indicator and draw the channel lines using the horizontal and trend line drawing tools. Parameters of the indicator enLight_Channel_Draw Colour=Blue: the color by which the channel lines are drawn in the absence of the Expert Advisor or...
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Another indicator from the Fiji series, which is a bounce-back system from the channel. According to ForTrader.org experts, the Fiji BB Alert indicator is based on the standard Moving Average, while working like Bollinger Bands, hence the name. The basis of the Fiji BB Alert indicator, as can be seen in the figure, is a channel and is built dynamically, moving behind the price. The signal to open a trade is when the price exits the channel and the next candle closes within it. The rebound from the lower boundary is marked with a blue circle and is a prerequisite for a Buy trade, from the upper boundary - with a white circle (changed to gray in our case), indicating a sell trade. According to the opinion.
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The main task of the XPointers indicator is to search for reversal candles on the chart, which will help you to enter the very beginning of the emerging trend. Such a task has been tried to cope with before, but no grails have been written yet. So, the indicator XPointers is a dynamic channel, built following the price movement, as well as signal arrows to buy (blue) and sell (red). The basis of the XPointers indicator is a rather simple mathematical formula: rate = (High - Low) / MathAbs (Close - Open) If the rate is greater than 1, and Low or High touched the boundaries of the channel, the corresponding trading signal is issued. Parameters of the signal indicator ХРоіnts Indicator ХРоіnts has a lot of parameters: per...
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Here is a Bollinger bands bars indicator for those who prefer not to clutter up the price chart. In contrast to the traditional Bollinger bands, which are superimposed directly on the bars, BB bars opens in a separate window, completely duplicating the price chart and the standard indicator. The Bollinger bands bars indicator is designed for the MT4 terminal and is quite decently drawn. It updates on every tick with no delays. According to ForTrader.org experts, the Bollinger bands bars indicator will not give you any unusual or earlier signals, but will allow you to analyze the price chart without interference. Download BB bands indicator Similar indicators Bollinger Bollinger Bands (Bollinger Bands, BB) Bands+Fibo_True - ParMA graphical indicator BB - trend indicator Stochastic Bollinger Bands oscillator
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Channels indicator for MT4 terminal is a successful attempt to automatically build adaptive channels in real time. The indicator evaluates the market condition and builds actual levels at the close of each new bar, which, according to ForTrader.org experts, is often lacking in such indicators. For this filter to work, it needs trading history - at least 400 bars of each timeframe. If this data is missing, Channels will indicate that it lacks historical data, and it is enough to switch between periods to restart it. Channels indicator settings The Channels indicator has a rich set of control parameters: Start - bar number of the current chart, from which the data analysis starts, 0 - from the current one. BarAnaliz -...
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All_channel is an indicator that greatly facilitates the work of a modern trader who uses channel indicators in his trading strategy. This technical filter independently builds linear regression channels on the medium and long term visually and on all timeframes virtually to show the breakout of levels, which, according to the experts of ForTrader.org magazine, is especially convenient when working on low periods. In addition, the All_channel indicator allows you to build a ZigZag, as well as an information panel for easy perception of information. All_channel indicator parameters Fr_bars_M1 - (set for each timeframe) is a variable used to form fractals: the higher the value, the rarer the fractals. To exclude a timeframe from the formation, its value should be set to 0. Voln_end_M1 - (set for...
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Kanal_Ant indicator is a channel one based on the moving average. Its construction is based on the use of the balance line LB, which "attracts" the price to itself, while the other lines, according to their position are used as supports and resistances. When drawing the lines of Kanal_Ant indicator channels, ratios 38%, 62%, 100% are used for distancing from the balance line. It is also possible to use Fibonacci parameters. It is recommended to use the Kanal_Ant indicator on high timeframes, starting from one hour. As a strategy, it is possible to work on a rebound and breakout levels, depending on the volatility of the currency pair and preference. Comment of ForTrader.org: the Kanal_Ant indicator can be a great addition to the intraday trading strategy. Download Kanal_Ant Indicator
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The Bands+Fibo_True indicator is based on the same principle as the Bollinger Band. However, this modification of the indicator uses the average trading range (Average True Range) instead of the standard deviation. The external lines of the Bands+Fibo_True indicator are obtained by Fibonacci extensions 1.618, 2.618 and 4.326. Thus, this version of the indicator allows not only to trade on the pullback from the boundaries of ranges, but also to work with an actual breakdown of these boundaries, setting the targets for the price movement. Fortarder.ru comment: Bands+Fibo_True is not a bad graphical indicator, it can serve as a channel indicator for breakout and rebound strategies. You can also use it to find strong support and resistance levels. Download the Bands+Fibo_True indicator
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Range v2 is another variation of the channel indicator that works on different timeframes. The Range v2 indicator has four lines - two support and two resistance. The dotted lines indicate the pair's maximum and minimum for a certain period, while the yellow and green ones define the internal strong levels. ForTrader.org comments: the Range v2 indicator can be used for breakdown or rebound, but it does not give very good results. Download Range v2 indicator
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