Recruitment of participants SmartChannels MT5

SmartChannels

MT5. Determines the trading channels and flat that are relevant at the moment. The principle of channel construction is based on the wave theory of price behavior. Individual development. The channel can be seen as a trend. With the shaded background, these are the main impulse channels. Correction channels without background. The boundaries of the broken channels are marked with trend lines. They will serve as support and resistance lines.

These are not standard channels. They are calculated according to a new principle. The algorithm is based on the pattern of price behavior. The indicator starts building corrective channels from very early stages of formation. May be predictive.

Works on charts of any instrument.

For better perception, the channels are colored in different colors.

• channel with blue background - main up.
• channel with red background - main channel down.
• channel with green background - side channel (flat).
• blue channel without background - corrective up.
• red channel without background - corrective down
• blue ray - slanted support line. The border of the older trend to the bottom.
• red ray - oblique resistance line. The border of the older trend is up.

The control is carried out by one parameter. Directly from the chart, by entering a value from 5 to 300 in the cell field. This value is comparable to the value of the average Moving Average. Default default settings for each TF. Taking into account the price change at an early stage, the channel can expand, but in the future it will not narrow its scope and will show the direction and boundaries of the wave. Correctional and lateral channels are predictive in nature and may not always be further developed.

Additionally, from the obtained calculations, the following are displayed on the graph:

• model, channel combination
• circular level lines
• Fibonacci levels
• the percentage of correction of the previous and current waves.

With gratitude, I will accept your comments and suggestions for improvement.

Don't forget to leave your rating.



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