Category: Channel Indicators

Donchian Channel Indicator

The Donchian Channel Indicator for MT5 is a volatility indicator that uses the calculation of the current price range with the help of the recent highest and lowest price levels of an asset. To perform the calculation for the Channel, the gauge needs to find the highest maximum and the lowest minimum for a defined […]

JMA Keltner Channel Indicator

The JMA Keltner Channel Indicator for MT5 is a variation of the standard Keltner Channel indicator, but this one is based on Jurik Moving Average. The Keltner Channel is usually calculated as SMA (Simple Moving Average) +- ATR distance for the bands. Since SMA is the slowest moving average, that version uses a much “faster” […]

Keltner Channel Indicator MT5

The Keltner Channel Indicator for MT5 plots a volatility-based channel around a moving average. It helps users read trend direction and spot potential entries at the bands. Example chart: How to use the Keltner Channel Indicator for MT5? The Keltner Channel Indicator plots three lines: a moving average in the middle, with an upper and […]

Auto Trend Channel Indicator MT5

The Auto Trend Channel Indicator for MT5 analyzes price points and automatically draws trendlines that form a price channel. These trendlines act as dynamic support and resistance levels. Example chart: How to use the Auto Trend Channel Indicator for MetaTrader 5? The idea behind trading with the auto trend channel indicator is about how price […]

Keltner Channel Smooth ATR Indicator MT5

The Keltner Channel Smooth ATR Indicator for MT5 plots a volatility-based envelope around a central moving average. It uses a smoothed ATR calculation to set the distance between the bands and the centerline. Example chart: How to use the Keltner Channel Smooth ATR Indicator for MT5? The Keltner Channel Smooth ATR Indicator MT5 shades the […]

Standard Deviation Channels X3 Cloud Indicator

The name of the Standard Deviation Channels X3 Cloud Indicator for MT5 pretty much defines what it is. It plots a channel (with three extensions to top and bottom) based on the Standard Deviation indicator. The violet trendline is a middle line of the channel. First, check the slope of the channel whenever it’s upward […]

Channel on Parabolic Indicator

The Channel on Parabolic Indicator for MT5 combines a price channel and Parabolic Sar indicator into one trading tool. Granted that the price constantly moves within channel bands, a trader should look for buy trade opportunities when the price hits red bands and the entry is confirmed with Parabolic Sar dots to switch location from […]

3X Parabolic Regression Indicator

The 3X Parabolic Regression Indicator draws two linear trend channels calculated on the standard deviation (with different periods) and a single curvilinear trend channel calculated on a parabolic regression. How to apply 3X Parabolic Regression in trading? As we mentioned at the beginning of this article, the 3X Parabolic Regression Indicator consists of three channels. […]

VWAP Bands Indicator MT5

The VWAP Bands Indicator for MT5 plots displays around the Volume-Weighted Average Price (VWAP), giving you a volume-based view of price deviation. This is a similar concept to Bollinger Bands but built on volume rather than a moving average. You can choose between tick volume or real volume for the calculation (real volume only works […]

Point of Balance (POB) Indicator

The Point of Balance (POB) indicator lays a triple line channel that serves as the current trend revealer. The price and candlestick move above/below that channel. It consists of three lines: the red and green lines are aligned to the upper outer and lower outer boundaries of the channel respectively, while the blue line stays […]