# All about Trend Line & Channel

This is a discussion on All about Trend Line & Channel within the Trading tools forums, part of the Trading Forum category; Trendlines and Horizontal lines crossing notification EA - expert for MetaTrader 5 This EA searches for Horizontal and Trend lines ...

 Tweet
1. ## Trendlines and Horizontal lines crossing notification EA

Trendlines and Horizontal lines crossing notification EA - expert for MetaTrader 5

This EA searches for Horizontal and Trend lines of specified color in MonitoringColor on current chart and notifies you when price crosses them.

When it happens, after the notification, it also changes line color to what specified in CrossedColor parameter and stops monitoring for price crosses on it, until the user changes its color again.

2. ## Regression Channel with variable polynomial degree

Regression Channel with variable polynomial degree - indicator for MetaTrader 5

original by Boris: https://www.mql5.com/en/code/8417
V1.1 by graziani: https://www.mql5.com/en/code/11749
• i-Regr: Polynomial Regression Channel consists of two parallel lines, equidistant up and down from the line of polynomial regression trend. The distance between frame of the channel and regression line equals to the value of maximum close price deviation from the regression line.
• e-Regr: (work in progress) MetaTrader Expert Advisor e-Regr based on Regression Channel MetaTrader Indicator. Trade signals: If price lower than under line - Buy, If price bigger than upper line - Sell, TakeProfit by average line.

3. ## AlexSTAL_ZigZagProf_channel - indicator for MetaTrader 5

AlexSTAL_ZigZagProf_channel - indicator for MetaTrader 5

A ZigZag Channel based on peaks and troughs https://www.mql5.com/en/code/18795

4. ## Quantile Bands Indicator MT5

From Wikipedia site, Quantile is about :

In statistics and probability, quantiles are cut points dividing the range of a probability distribution into continuous intervals with equal probabilities, or dividing the observations in a sample in the same way. There is one fewer quantile than the number of groups created. Common quantiles have special names, such as quartiles (four groups), deciles (ten groups), and percentiles (100 groups). The groups created are termed halves, thirds, quarters, etc., though sometimes the terms for the quantile are used for the groups created, rather than for the cut points.

q-quantiles are values that partition a finite set of values into q subsets of (nearly) equal sizes. There are q − 1 of the q-quantiles, one for each integer k satisfying 0 < k < q. In some cases the value of a quantile may not be uniquely determined, as can be the case for the median (2-quantile) of a uniform probability distribution on a set of even size. Quantiles can also be applied to continuous distributions, providing a way to generalize rank statistics to continuous variables (see percentile rank). When the cumulative distribution function of a random variable is known, the q-quantiles are the application of the quantile function (the inverse function of the cumulative distribution function) to the values {1/q, 2/q, …, (q − 1)/q}.
The Quantiles Bands Indicator for MT5 can be download from here Quantile Bands. It is worth checking this indicator and maybe can added to your existing system.

5. Donchian Channel a good trading strategy worth do more research and testing.

Page 3 of 3 First 1 2 3