Hi guys. Does anyone have this channel indicator like in the screenshot? It is paid on the official MT5 website. this channel indicator looks interesting, it is noticeable that the channel levels are strong, there is definitely a reaction from the zones.
Original name: Channel FTF
The Envelopes indicator determines the presence of a trend or flat. It has 3 types of signals, shows the probable retracement levels and levels of the possible targets.

The Fibonacci coefficients are used in the indicator's calculations.

Signals (generated when touching the lines or rebounding from lines):

Trend - the middle line of the Envelopes has a distinct inclination; the lines below the channel's middle line are used for buy trades, the lines above the middle line and the middle line itself are used for sell trades;
the trade direction must match the direction of the channel's middle line.
Flat - the middle line of the Envelopes is horizontal; signals are received from the edge and pre-edge borders of the channel with the targets at the opposite border of the channel.
Volatility breakout - edge borders of the channel are horizontal; breakout of one of these channel borders indicates a beginning of a movement.

Garsgen wrote: Fri May 17, 2024 4:38 am Hi guys. Does anyone have this channel indicator like in the screenshot? It is paid on the official MT5 website.

most likely this or some variation of it

WOLF wrote: Fri May 17, 2024 4:53 am most likely this or some variation of it

Please share a similar indicator, method or information on how to create such an indicator.
Thank you!

Garsgen wrote: Fri May 17, 2024 5:03 am Please share a similar indicator, method or information on how to create such an indicator.

Here is one for mt5, has option to adjust repainting amount

WOLF wrote: Fri May 17, 2024 4:53 am most likely this or some variation of it

It looks like a simple deviation channel for detecting highs and lows, more similar to the Donchian Channel. I closely examined the TFT Channel indicator and noticed that the indicator's channels form pockets, a pattern often seen in the Bollinger Bands indicator. Most likely, the author of the TFT Channel somehow implemented Fibonacci levels logic into the Bollinger Bands channel, changing the moving averages to 34, 55, 144...

Garsgen wrote: Fri May 17, 2024 6:08 am It looks like a simple deviation channel for detecting highs and lows, more similar to the Donchian Channel. I closely examined the TFT Channel indicator and noticed that the indicator's channels form pockets, a pattern often seen in the Bollinger Bands indicator. Most likely, the author of the TFT Channel somehow implemented Fibonacci levels logic into the Bollinger Bands channel, changing the moving averages to 34, 55, 144...

also probably removed the standard deviation off bollinger bands then used atr instead

I found a similar version of the Channel FTF indicator here on the forum. post1295473232.html#p1295473232
I recommend using it on higher timeframes D, 4H

Garsgen wrote: Sat May 18, 2024 1:35 am I found a similar version of the Channel FTF indicator here on the forum. post1295473232.html#p1295473232
I recommend using it on higher timeframes D, 4H

Pretty good indicator I like it man strong for counter trading thank you!! I didn't actually know of this code before

Fibonacci Ultra for MT4

Banzai wrote: Fri Jul 31, 2020 1:27 am Released date: July 30th, 2020

jeanlouie said:

You can now choose font size, font type (Arial etc) and font color for both support n resistance, they'll change each other if the text switches from s to r.


[ORT] Supply_Demand_v3 nmc_font-edit.mq4
Downloaded 836 times

Please use this version. It crashes less.