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Magic Channel MT 5

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Magic Channel MT5 is a channel indicator for the MetaTrader 5 trading platform. This indicator allows you to find the most likely trend reversal points.

Unlike most channel indicators, the Magic Channel does not redraw.

The alert system (alert, email and mobile phone notifications) will help you monitor several trading instruments at the same time.

You just need to set the indicator on the charts, and when the indicator signal appears, an alert will be triggered.

With our alert system, you will never miss a signal to open a position!

Magic Channel version for the MetaTrader 4 terminal: 

Magic Channel version for the MetaTrader 4 terminal: 

  • The indicator is perfect for scalping.
  • Perfectly finds trend reversals.
  • Suitable for beginners and experienced traders.
  • It works on any timeframe.
  • Does not redraw.
  • Flexible notification system.
  • Ability to customize the graphics (size and color of the lines).

USDCAD, EURUSD, USDCHF, AUDNZD, AUDCAD, GOLD.

Buy signal: if the price has crossed the lower line of the indicator from the bottom up (see screenshot 1, the entry points are marked with circles).

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Sell signal: if the price has crossed the upper line of the indicator from top to bottom.

The indicator is best suited for intraday trading, on a timeframe from M5 to H4.

  • Period – the averaging period for calculating the indicator (the key parameter).
  • PRICE – the price for calculating the indicator (OPEN or CLOSE).
  • Coefficient – the channel width coefficient. The higher the value, the wider the channel.
  • Alert – alerts.
  • Email – send messages to your email address.
  • Push-send push notifications.
  • clrUPPER – the color of the upper line of the indicator.
  • clrLOWER – the color of the lower line of the indicator.
  • Width – the thickness of the lines.

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