Donchian Channel Indicator MT5

Introduction to the Donchian Channel Indicator The Donchian Channel Indicator 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…

Auto Trend Channel Indicator MT4

Introduction to the Auto Trend Channel Indicator The Auto Trend Channel Indicator is an awesome tool that displays a set of trendlines defined by the highs and lows of a currency pair price action. These lines are plotted automatically on a chart and together make a price channel as the price is moving between two…

Raff Channel Indicator MT4

Introduction to the Raff Channel Indicator The Raff Channel Indicator draws a trend channel using the technique originally introduced by Gilbert Raff. The slope of the channel shows a trend direction and its boundaries are considered potential market entry points. The Raff Channel Indicator fits all kinds of timeframes and currency pairs. It is displayed…

Fractal Channel Indicator MT4

Introduction to the Fractal Channel Indicator The Fractal Channel Indicator provides a continuous channel formed by connecting the successive Up and Down fractals. As the name suggests, the indicator is based on fractals, which were originally introduced by Bill Williams. An Up-Fractal is a series of 5 consecutive bars with the highest high in the…

Keltner Channel Color Indicator MT4

Introduction to the Keltner Channel Color Indicator The Keltner Channel Color Indicator is a variation of the well-known Keltner Channel, but this gauge displays a colorful channel that reminds a cloud. It’s pretty easy to use because the color of the channel suggests the direction of a trade. The Keltner Channel Color Indicator fits all…

Super Signals Channel Indicator MT4

Introduction to the Super Signals Channel Indicator The Super Signals Channel Indicator is, as the name suggests, a channel-based forex trading indicator. That gauge consists of dual bands that work as dynamic support/resistance levels and buy/sell arrows as signal triggers. Due to the nature of the indicator, it works best during market consolidations and sideways…

Trend Strength OMA Channel Indicator

Introduction to the Trend Strength OMA Channel Indicator The Trend Strength OMA Channel Indicator is a trend signal indicator as it detects whenever the market trend condition is overbought or oversold. That forex indicator consists of the main orange signal line displayed within its own window along with the green/red channel and the buy/sell arrows…

Trix Candles with Keltner Channel Indicator

Introduction to the Trix Candles with Keltner Channel Indicator The Trix Candles with Keltner Channel Indicator is, as the name suggests, a combination of Trix Candles and Keltner Channel. It uses the 4 Trix (Triple Exponential Moving Averages Oscillator) with values of open, close, high, and low to construct candles of this indicator. That forex…

Price Channel Signal Alerts Indicator

Introduction to the Price Channel Signal Alerts Indicator The Price Channel Signal Alerts Indicator consists of two elements. The first element is big blue and red dots that define the direction of current movement. The second element is buy/sell arrows called “re-entry”. These arrows work as trade entry points. The best results with the Price…

Spielers Hedge Divergence StdDev Indicator

Introduction to the Spielers Hedge Divergence StdDev Indicator The Spielers Hedge Divergence StdDev Indicator is a unique forex indicator based on Standard Deviation, that helps to recognize market overbought and oversold levels. It is a channel that consists of three red extensions defining overbought levels, three blue extensions defining oversold levels, and one yellow middle…