kelvinchase wrote: Sun Aug 31, 2025 11:26 am That's exactly right. I've looked through numerous posts, but haven't found the source code anywhere. It's a great honor to have your approval, KVAK.
Actually, the arrows of this indicator aren't its most useful feature. What I find most valuable is this: when the market is about to reverse, it shows a "handshake" signal. Specifically, as an uptrend is coming to an end, the upper band of the channel starts to turn thick green, and both the upper band and the price move together for several candlesticks. Then, the thick green color on the lower band fades away, and this "handshake" transition is complete. This gives us plenty of time to think and wait for the right moment to open or close a position.
Unfortunately, the indicator does repaint. It would be amazing if it could be made non-repainting in the future. But even with the current repainting issue, it still holds significant reference value. When used in conjunction with other more stable indicators, this indicator truly helps provide an early warning—giving me time to alert myself and decide on opening or closing positions.
So, KVAK, when you said you could create a version for MT5 (MetaTrader 5, the upgraded version of MT4), it felt like a pleasant surprise out of the blue. That’s absolutely fantastic! I’ll be waiting patiently and looking forward to your good news.
With my best wishes and gratitude!