Channel Master is unique indicator for automatic channel finding. This indicator is fully adjustable by user. User can also put more instances of Channel Master to one chart with different channel size for better trend filtering.
Features
- Easy to use (just drag & drop to the chart)
- Fully adjustable
- Accessible via iCustom function
- Possible to use with any trading instrument
- Possible to use on any time-frame
Detailed Information
Parameters
Main Settings
- Magic – Unique Magic number if used more indicator instances in one chart
Custom Mode Settings
- ChannelSizeAdjuster
- Higher value will detect bigger and stronger channels
- Recommended values from 5-15 for small channels, 15-50 for medium channels, 50 and above for bigger channels
- ChannelSizeAdjuster
- PastChannelPaint – Determines number of past found channels
- this parameter is not necessary to adjust – it does not have any impact on current channel finding
- UseOpenClose – If false the algorithm will use high/low values for detection, if true the algorithm will use open/close values
- PastChannelPaint – Determines number of past found channels
User Settings
- ShowPastChannels – Show/Hide past channels
- PaintChannelRay – If true, the channels will be prolonged in the chart to the future
- UpperChannelColor – Color for upper channel
- LowerChannelColor – Color for lower channel
- LineThickness – Line width
- LineStyle – Line style
