What is vhp-channel-02?
vhp-channel-02 builds a price channel from volatility and moving-average logic. The upper line is used as a resistance reference, the lower line as a support reference, and the center provides the comparison point.
A value at the lower right expresses the distance between the channel edges relative to the center line. A breakout can also return toward a broader channel, so read the display with context.
How to use vhp-channel-02
Apply vhp-channel-02 to an MT5 chart and compare price reactions near the upper and lower channel boundaries.
Tune HP Fast Period for the band width and HP Slow Period for the broader movement. Review the value at the lower right when comparing channel expansion.
Where it helps
Frames price movement between upper and lower boundaries derived from the indicator calculation.
Reports how wide the channel is compared with its center line.
Keeps the wider trend visible when judging a move outside the band.
MT5 Indicator Parameters
The table below lists the available MT5 indicator parameters. You can customize these options in the MetaTrader Inputs dialog to match your trading preferences.
| Parameter | Description |
|---|---|
| InpHPPeriodFast | Sets this calculation or display option. Default: 21. |
| InpHPPeriodSlow | Sets this calculation or display option. Default: 144. |
The screenshot above shows the default input parameters in the MT5 settings window.
How to Install .ex5 Indicator in MetaTrader 5
- Download the ZIP file and extract it.
- In MT5, select File → Open Data Folder.
- Open MQL5 → Indicators and copy the EX5 or MQ5 file into it.
- If the package includes library files, copy them to MQL5 → Libraries. Copy TPL files to the top-level templates folder.
- Restart MT5, find the indicator in the Navigator, and drag it onto a chart.
Test the tool on a demo account first. File contents and required folders can vary between packages.
