All about Trend Line & Channel

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.

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.

AlexSTAL_ZigZagProf_channel - indicator for MetaTrader 5

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

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.

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

Limit channels - with states - indicator for MetaTrader 5

This is the indicator originally posted here Limit channels that is extended with a display of "states".

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Same indicator for MT4 -
Limit channels - with states - indicator for MetaTrader 4

The article continues the topic of ready-made templates for using indicators in EAs. We have already considered the templates for connecting oscillators and volume and Bill Williams' indicators to EAs.

Here we will look at connecting to EAs and using trend indicators. As in the previous articles, we will display the data received from indicators on the dashboard created in the first article of this series.


The article will not differ in any way from the previous ones in terms of presentation - a brief background overview of each trend indicator and concise codes for connecting and using indicators in EAs.

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