TB5 Channel is a channel multi-time frame indicator. Which generates entry points on different timeframes.

There are 2 ways to build the indicator.

The first way is to set the indicator according to the current timeframe. In this case, you will build a channel according to the timeframe that you have open in MT5.

The second way to build the indicator is multiplication by the index of the timeframe. The essence of the second method is to build a channel of the higher timeframe on the current chart. For example, if you need to plot the H1 channel of the H4 timeframe on the graph, then you choose the method of plotting the graph “Multiplication by the index of the timeframe” and in the line “Index of the increase of the timeframe from the current one” specify the value 3 and you will have the H1 channel of the H4 timeframe displayed on the graph.

When you increase the graph from H1 to H2, you will automatically increase the channel from H4 to H8. The same applies to the decreasing timeframe, when the graph is reduced from H 1 to M 30, the constructed channel of the H4 timeframe will become the H2 channel, etc.

That is, if you specify the value 3 on the H1 chart, then you will automatically add a channel of the H4 timeframe, it will be colored in a different color and pointing at the channel line will display information that this is the channel of the H4 timeframe (TV5 H4). If, for example, you need to set the D1 timeframe channel on the H1 chart, then specify the value 12 in the parameters and you will have a D1 timeframe channel built, it will also be automatically colored in a different color.

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Thus, you can build channels of any timeframes on one chart, which will facilitate making trading decisions.

Signals on the current timeframe may change due to a sharp change in the direction of price movement, but if you set, for example, two channels on the H1 chart – the first channel is H1, and the second channel is H8, then you will have the right entry points for both sale and purchase with maximum probability.

An example of building channels on the H1 chart using the channels of the H1 and H8 timeframes in the screenshots, as well as how to install and apply different timeframes on the chart, see the fourth screenshot (JIF animation) and the video.

I will be grateful to everyone for their feedback and good evaluation.

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