WY Channel Searcher I MT4

Assistant indicator. Multiple Instruments. Multiple Timeframes. Multiple digits. The professional tool to search for the price channels of various types. It has multiple configurable parameters.

Expert - version

The indicator parameters

Main:

• On/Off - Enable/Disable
• Search In Last "N" Candles - the search is performed in the specified number of candles on the chart (piece of market)
• Min. Candles Between Construction Peaks - the minimum number of candles between the peaks to plot the channel
• Max. Candles Between Construction Peaks - the maximum number of candles between the peaks to plot the channel
• Peak Among "X" Candles ( x=3 - min ) - peak dimensions (the number of candles in the interval to search for the peak)
• Min. Contacts about Border - the minimum number of touches on the initial line to start plotting (the nearby peaks are considered touches)
• Max. Contacts about Border - the maximum number of touches on the initial line to start plotting (the nearby peaks are considered touches)
• Rel. team. Of Peaks From The Line - the relative deviation from the initial line for the peaks that are considered touches
• Rel. Rem. Of The First Peak From A Distant Peak - relative distance of the nearest plotting point of the initial line from the distant plotting point
• Rel. Filling Of A Starting Parallelogram - relative filling of the price curve by the area of the initial parallelogram
• Relative Exit For Borders - relative allowed price excess value beyond the channel borders
• Min. Inclination Of The Channel - minimum allowed relative inclination of the channel (absolute inclination channel of the line)
• Max. Inclination Of The Channel - maximum allowed relative inclination of the channel (absolute inclination channel of the line)

Sounds and graphical display:

• Play Warn. Sound On Detect - sound alert when a channel is detected
• Play Warn. Sound On Following - sound alert when a channel is followed
• Play Warn. Sound On Following Break - sound alert when a channel ends
• Draw Points - draw plotting points and touching peaks
• Draw Lower Line - draw the lower line of the channel
• Draw Upper Line - draw the upper line of the channel
• Use Following Mode - enable the following mode
• Old Line Cleaning - clear old channels
• Last Channels In Memory - leave the last channels on the chart
• Lower Line Color - color of the initial lower line
• Upper Line Color - color of the initial upper line
• Lower Help Line Color - color of the followed lower line
• Upper Help Line Color - color of the followed upper line
• Points Color - color of dots
• Lines Width - width of all lines
• Points Width - dot width