MT5 new version of the Dragon Channel indicator

Dragon Channel Price Indicator

100% Free

Runs on MetaTrader 5 on a computer · 45 KB

A technical indicator that identifies upward, downward, and sideways trend channels on MetaTrader 5 with alert options. In the Yakuzza test on XAUUSD (M15) for September 2026, the indicator operated on the MetaTrader 5 platform without errors.

PlatformMetaTrader 5

PriceFree

Yakuzza test result

We ran this indicator in the MetaTrader 5 Strategy Tester on XAUUSD (M15) over September 2026. It loaded and ran without errors.

How to install

Open MetaTrader 5, then File -> Open Data Folder. Go into the MQL5 folder, then Experts for a robot or Indicators for an indicator, and drop the file there. Restart the platform and you will find it in the Navigator panel.

Library last updated: 2026-10-18

Questions about MT5 new version of the Dragon Channel indicator

Is MT5 new version of the Dragon Channel indicator free?

Yes. MT5 new version of the Dragon Channel indicator is free to download on Yakuzza, with no subscription and no card. You only need a free account to download it.

Does MT5 new version of the Dragon Channel indicator work on MT4?

No. The file in our library is built for MetaTrader 5 (.ex5), so it will not load in MetaTrader 4. MetaTrader 5 is free from your broker.

Which symbol and timeframe should I use?

The developer does not list fixed settings. We tested it on XAUUSD M15, so that is a safe place to start on a demo account.

Has MT5 new version of the Dragon Channel indicator been tested?

Yes. We ran it in the MetaTrader 5 Strategy Tester on XAUUSD (M15) over September 2026 and it ran without errors.