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Channel Pattern Detector is an automatic screener for channels with highly customizable parameters to detect all sorts of channel chart patterns.

Home Page: https://www.earnforex.com/metatrader-indicators/Channel-Pattern-Detector/

License: GNU General Public License v3.0

MQL4 5.02% MQL5 94.98%
mql4 mql5 mt4 mt5 indicator metatrader metatrader-4 metatrader-5 forex forex-trading

channel-pattern-detector's Introduction

Channel Pattern Detector

Channel Pattern Detector is an indicator for MT4 and MT5 by EarnForex.com. It detects ascending, descending and horizontal channel chart patterns and markes them with lines directly on the chart.

The indicator supports multiple input parameters to relax or restrict the channel rules. It can also issue alerts upon detecting a new channel.

Channel Pattern Detector detects a descending and an ascending channel on the daily chart of EUR/USD

A detailed description of the indicator and its input parameters can be found on this page: https://www.earnforex.com/metatrader-indicators/Channel-Pattern-Detector/

Any contributions to the code are welcome!

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