PriceChannel Signal - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

Real author:

Igorad, converted from Igorad to MQL5.

A distinctive feature of this indicator is re-entry (UseReEntry parameter in indicator settings/Inputs). Many traders remember the term "re-entry" as it is commonly used in signal trading. So, in effect - this re-entry has the same logic as Ablsys' Asctrend original system or according to many other signaling systems.

This function (Re-Enter) was created by Igorad based on my request a while ago for its original Price Channel indicator and it provides the possibility to re-enter via arrows on the same pair/timeframe:

Indicator has various alerts: email alert, currently open or previous/closed bar alert, message alert, sound alert. Alarms (all alarms, or certain alarms individually) can be turned on/off.

Attachment download

📎 pricechannel_signal_v1.mq5 (9.99 KB)

Source: MQL5 #1423