Discuss Channel Pattern Detector indicator in this thread. The indicator is able to find and highlight the channel patterns on the chart. It is freely available for MT4 and MT5. You can ask any questions about this indicator here.
Demonstration of Channel Pattern Detector indicator with AUD/NZD weekly chart along with ChannelPattern script and ChartPatterHelper expert advisor:
Hi Enivid,
Thanks for the indicator!
I am using MT4 - Does the indicator repaint at all?
I looked back on a h1 chart and put vertical lines at the end of the drawn channels and saved it as a template. I then loaded the template into strategy tester and ran through the past month. I found that the channels were drawn in different areas in strategy tester.
Does this mean I can't replicate live channel drawing by the indicator in strategy tester, or do a simple visual back test?
Dave
Thanks for the indicator!
I am using MT4 - Does the indicator repaint at all?
I looked back on a h1 chart and put vertical lines at the end of the drawn channels and saved it as a template. I then loaded the template into strategy tester and ran through the past month. I found that the channels were drawn in different areas in strategy tester.
Does this mean I can't replicate live channel drawing by the indicator in strategy tester, or do a simple visual back test?
Dave
How did you test it in the MT4 strategy tester?
It should not repaint, but it may show different results based on: input parameters, number of bars in the chart, number of channels it will paint (it will remove old channels if you re-init it on the chart).
It should not repaint, but it may show different results based on: input parameters, number of bars in the chart, number of channels it will paint (it will remove old channels if you re-init it on the chart).
What is a "can't open" message? Could you please provide more details on the problem you encounter with this indicator? Attaching a screenshot and letting us know your trading platform's version would help.
Did you copy iChartPatternDetector.mqh file to the same folder as ChartPatternDetector.mq4? Both should be in /MQL4/Indicators/ of your platform's data folder.
Do not have iChartPatternDetector.mqh file. Where do I find that? Appreciate the assistance.
In the zip archive with both files here:
http://www.earnforex.com/metatrader-indicators/Channel-Pattern-Detector/
http://www.earnforex.com/metatrader-indicators/Channel-Pattern-Detector/
There is no archive with both MQL4 & MQL5 files in it. There are two downloads - one for MT4, one for MT5. Both contain the .mqh file + either .mq4 or .mq5.
That's exactly the files you need. Just copy both files to the /MQL4/Indicators/ of your platform's data folder and try compiling ChartPatternDetector.mq4.
downloaded the channel pattern detector and will not let me put it on my lot of errors
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