MA Channel SK can be found within the indicator section of the MQL5 marketplace, we have provided a link below so it is not confused with any other similarly named indicators. The indicator was first uploaded on the 16th of July 2015 by Sergei Konoplev, it was most recently updated on the 5th of August 2015 and it is currently at version 12.1.
The MA Channel SK is an indicator for MetaTrader 4, the indicator is based around Moving Averages.
The main features of the indicator:
- MA_Channel_SK defines reasonable market entry/exit points
- Forecasts the possible future price movement
- Creates equidistant channels that become dynamic support and resistance levels
- Greatly facilitates the visual analysis of the market
There are also a few settings that can be altered, these include the MA period, averaging method, price type, grid step for different time frames, text color, number of bars to display, and more.
The indicator will cost you $10 to purchase it outright, this will give you unlimited access to it. Many indicators on the MQL5 marketplace have the opportunity to rent them, this one, however, does not. There is a free demo version, but the limitations of the free version are not known or displayed on the site.
At the time of writing, there are two reviews available for the MA Channel SK indicator, both of them are giving it 5 out of 5.
“Powerful indicator” – User Review
“Good tool”- User Review
The reviews aren’t giving a whole lot of detail, but they are at least positive. There are a number of comments also, the developer has replied to some of them but not all, but he has responded to the ones that needed a response which is good. As there aren’t many reviews, we would strongly suggest that you download the free demo version to test out and also contact the developer so you can be sure that it does what you need it to do before you make a purchase.
This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/10568