FreeBTC / ETH
Crypto Trend Channel Indicator (Free, for BTC/ETH)
A Donchian channel that only marks breakouts agreeing with the trend
Crypto trends in long, clean runs and then chops hard. A raw breakout indicator fires on both. This one only marks a breakout when it also agrees with a long-term SMA - which is exactly how a crypto trend EA avoids buying a fake break inside a range. The channel and SMA are read on closed bars and the break is judged on the previous bar's close, so nothing repaints.
Features
- ✓Donchian channel (default 20 bars) plus the trend SMA (default 200) on one chart
- ✓Gold arrows only when the break agrees with the SMA direction
- ✓LongOnly option (mark only upward breaks, matching crypto's up-bias)
- ✓Defaults tuned for BTC/ETH H4 - same family of logic as our COMET / GLACIER EAs
Free download
No registration, completely free, full source included. A compiled version (and MT4 build) is also free on the MQL5 Market.
Download (.mq5)Parameters
| Parameter | Default | Description |
|---|---|---|
| EntryChannel | 20 | Donchian channel length (bars) |
| TrendSMA | 200 | Trend filter SMA (only with-trend breaks marked) |
| Trail_ATR | 4.0 | Reference trailing distance (ATR multiple) |
| ATR_Period | 14 | ATR period |
| LongOnly | false | Mark upward breakouts only |
Installation
- 1Put the downloaded .mq5 into MT5: File → Open Data Folder → MQL5 → Indicators.
- 2Restart MT5 (or refresh the Navigator) and drag it onto a chart.
- 3It works with the defaults; re-fit the parameters to your instrument.
Note
A visualisation tool, not a signal service. Crypto trend following has a win rate below 50%; it works when crypto trends and bleeds in ranges.
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