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# Channel-Pattern-Detector | ||
Channel Pattern Detector is an automatic screener for channels with highly customizable parameters to detect all sorts of channel chart patterns. | ||
# Channel Pattern Detector | ||
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Channel Pattern Detector is an indicator for MT4 and MT5 by EarnForex.com. It detects ascending, descending and horizontal channel chart patterns and markes them with lines directly on the chart. | ||
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The indicator supports multiple input parameters to relax or restrict the channel rules. It can also issue alerts upon detecting a new channel. | ||
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![Channel Pattern Detector detects a descending and an ascending channel on the daily chart of EUR/USD](https://github.com/EarnForex/Channel-Pattern-Detector/blob/main/README_Images/channel-pattern-detector-marks-descending-and-ascending-channels.png) | ||
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A detailed description of the indicator and its input parameters can be found on this page: | ||
https://www.earnforex.com/metatrader-indicators/Channel-Pattern-Detector/ | ||
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Any contributions to the code are welcome! |