Gorilla Channel Indicator MT5

Gorilla Channel Indicator MT5 – Spot Trend Channels Like a Pro

Tired of blindly guessing market direction or over-relying on basic support/resistance zones? If your MetaTrader 5 setup is missing a reliable channel-based indicator, it’s time to try something smarter—Gorilla Channel Indicator MT5, now available for free on ForexFactory.cc, courtesy of YoForex.

This powerful tool automatically draws price channels that align with market momentum and key swing levels, giving you clean visual cues on trend strength, breakouts, and potential reversals. Whether you’re a swing trader, day trader, or even someone scalping channels—this tool simplifies your decision-making without repainting tricks.

Let’s break it down...

Overview: What is Gorilla Channel Indicator MT5?

Gorilla Channel Indicator is an MT5 technical tool that analyzes recent price action and plots parallel trend lines, highlighting real-time price channels. These lines help traders visualize the path of least resistance—revealing where price is most likely to bounce or break.

Unlike most manual channel-drawing methods, Gorilla Channel Indicator auto-adjusts based on market volatility, ensuring that your channels remain relevant as new candles form.

Platform: MetaTrader 5

Timeframes Supported: M5 to H1 (best viewed on M15 & M30)

Currency Pairs: EURUSD, GBPUSD, XAUUSD, USDJPY (works well on majors)

Minimum Deposit: No strict minimum—great for small accounts too.

Key Features of Gorilla Channel Indicator MT5

• Auto-detection of price channels

• Dynamic upper/lower bands that adjust with volatility

• Great for breakout and trend continuation setups

• Non-repaint logic—what you see is what you trade

• Lightweight, doesn’t slow down your MT5 terminal

• Works on all major pairs and metals (XAUUSD)

• Compatible with prop firm rules (no risky indicators)

• Entry/Exit signals based on channel breaks or touches

• Ideal for trend following and counter-trend strategies

• Supports all major brokers (no dependency on custom feeds)

Why Is It Useful?

You know the drill—price respects trend lines and channels, but drawing them manually? Not fun. Especially when you’re juggling multiple pairs or timeframes. Gorilla Channel Indicator eliminates the guesswork, giving you clean channels drawn automatically—updated in real-time, with no need for redrawing or zooming in/out like crazy.

It helps with:

Breakout trades (when price closes beyond the upper/lower boundary)

Bounce trades (mean reversion or trend continuation from channel edges)

Stop placement and better take-profit zones

And yes... no more “is this the right angle?” doubts. The logic is baked in.

How to Install Gorilla Channel Indicator on MT5

Just follow these quick steps to get started:

Download the indicator from ForexFactory.cc

Extract the .mq5 or .ex5 file (if zipped)

Open MetaTrader 5 → Click File > Open Data Folder

Navigate to MQL5 > Indicators

Paste the file there

Restart your terminal or refresh the Navigator panel

Drag & drop Gorilla Channel onto any chart

Adjust settings (if needed) to suit your strategy

Trading Ideas Using Gorilla Channel

Want a head start? Try these approaches:

Breakout Strategy:
Wait for a candle to close outside the channel → enter in breakout direction → stop loss behind the channel.

Bounce Strategy:
Buy at the lower channel line or sell at the upper one when price shows hesitation (like a pin bar or inside bar) → TP mid-channel or opposite edge.

Trend Reversal Detection:
When price consistently fails to reach channel highs/lows, it may indicate weakening trend—prepare for sideways or reversal action.

Why Choose YoForex-Powered Indicators?

YoForex doesn’t just distribute tools... we test them hard—across live and demo accounts, on prop firm conditions, volatile news days, and ranging sessions. When you download from ForexFactory.cc, you get:

100% Free Downloads

Lifetime Updates (no sneaky upsells)

Real Traders, Real Testing

Telegram + WhatsApp Support

Newest EA & Indicator Collections

Verified Performance Reports

Check the Indicator Section or explore the Newest Tools—we keep it fresh.

Support & Disclaimer

Need help?
Reach us directly:

Telegram: https://t.me/yoforexrobot

WhatsApp: https://wa.me/+443300272265

Disclaimer: All tools are provided for educational purposes. Always backtest and demo trade before going live. Past performance is not a guarantee of future results.