Distinctive feature of this indicator is re-enter (UseReEntry parameter in indicators’ settings/input). Many traders remember this term ‘re-enter’ as it is usually used in signal trading. So, practically – this re-enter is having same logic as to Asctrend original system by Ablsys, or according to many other signal systems.
This feature (re-enter) was created by Igorad for his original Price Channel indicator according to my request some time ago, and it is providing the possibility to re-enter by arrow on same pair/timeframe:
- Red/blue circle on the chart – signal to enter (to open the order on next open bar).
- Red/blue arrow on the chart – signal to re-enter (to open additional order).
Indicator is having all kinds of alerts: email alert, alert on current open or previous/close bar, message alert, sound alert. There are possibilities to turn alerts on/off (all the alerts, or some of them separatedly).
MT5 Indicator – Download Instructions
PriceChannel Signal is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.
PriceChannel Signal provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install PriceChannel Signal.mq5?
- Download PriceChannel Signal.mq5
- Copy PriceChannel Signal.mq5 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on PriceChannel Signal.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator PriceChannel Signal.mq5 is available on your Chart
How to remove PriceChannel Signal.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Click here below to download MT5 Indicator: