Magic channel No cost is a channel index for your MetaTrader 5 buying and selling platform. This index permits you to discover the most probably development reversal factors.
Unlike most channel indicators, Magic Channel is not redrawn.
The notification technique (alert, e-mail and mobile cellphone notifications) can help you check a number of investing devices at the actual similar time.
You just want to set up the index on the charts, and when the indicator indication appears, an inform will be induced.
together with our alert program, you will not at any time miss out on a sign to open a situation!
Magic Channel Cost-free is a demo version, it simply will work on the USDCAD forex pair. The unrestricted edition can be procured in this article:
- The indicator is perfect for scalping.
- Properly finds development reversals.
- Suited for beginners and seasoned traders.
- It will work on any timeframe.
- Does not redraw.
- Versatile notification system.
- The capacity to customize the graphics (measurement, and color of the traces).
Obtain sign: if the rate crosses the decreased line of the indicator from the bottom up (see screenshot 1, the entry details are marked with circles).
Promote sign: if the rate has crossed the upper line of the indicator from top rated to bottom.
The indicator is most effective suited for intraday trading, on a timeframe from M5 to H4.
- Interval – the averaging interval for calculating the indicator (critical parameter).
- Price tag – the rate for calculating the indicator (Open up or Shut).
- Coefficient – the coefficient of the channel width. The better the worth, the broader the channel.
- Inform – alerts.
- Email – deliver messages to your electronic mail address.
- Thrust-deliver force notifications.
- clrupper – colour of the upper line of the indicator.
- clrlower – coloration of the lessen line of the indicator.
- Width – the thickness of the traces.
Evgeny Belyaev is a specialist programmer and productive trader.