Suggestion "Quantum Channel" for MT4

Hereby interesting MT4 Channel. It's unique type of "super signal channel" since it comes with built in price action pattern detection for insidebar as well to help you "ride the trend" during your manual trading.



Input setting Windows:

Colours:

0 - Red: Top channel Line
1 - Green: Bottom Channel Line
2 - White: Bottom square
3 - White: Top square
4 - Yellow: MidLine
5 - White: Inside Bar

Indicators Parameters:

SuperChannel: Default setting is True. Set to False to make use of the Original Quantum behaviour.
ShowChannel - Default setting is True. User can switch channel on or off.
ShowMidLine: default setting is True.
eintDepth3: Default is 500. Total bars of channel lines will be drawn. I do take account of the original Quantum "q" value requirement. I am just mapping the channel highs and lows
HighDepth: Higher Highs, Higher Lows points. SuperChannel must be set to False.
LowDepth: Lower Highs,Lower Lows points. SuperChannel must be set to False
InsideBarCount: Default is 1. A maximum of 2 inside bars will drawn with configuration horizontal lines of the previous bar high and low. you can enter "0" to "switch if off".
ShowDefaultInsidebar: Default setting is False. User can choose to view traditional Inside bar.
LineColor: Horizontal line colour.
LineWidth: 1; Horizontal line width
LineStyle: 2; Horizontal line style
TimeFrames: "M1, M5, M15, M30, H1, H4, D1, W1, MN"; Default. Delete the time frame values where the lines must not appear.
SetAlert: Default setting is False. (There is an error needs attention. As price moves over previous HH,HL,LH and LL the aert is triggered. Ideas welcome)

Update on Indicators
QuantumSuperChannel v1.04 builb910: Setting the SuperChannel = False, and ShowChannel = True Creates a possible manual trading style.

Source: ForexFactory

 

PS: Channel is repaint but if you use the whole strategy with price action as your entry decision, you know, repainting is not your enemy.

 

Ijin sedot Gan bisa detek pucuk n akar... Thank Gan sangat akurat...!

 

NOT BAD THANK YOU FOR SHARING

 

Nice .. thanks before

 

i like this indicator a lot. Larsan do u have updates to make this to not repaint.