Technical Indicators for MetaTrader 4

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MetaTrader 4

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Information

Indicators
MetaTrader 4
Evgeniy Zhdan
2.5
10

Overview

The indicator combines several types of calculation: calculation of price channels and determining the direction of the trend.
  • The green line is a buy signal;
  • The magenta line is a signal for sales.
  • Two yellow lines of the "small" channel above the middle green line - getting ready for sales;
  • Two yellow lines below the magenta line - getting ready to shop.

Blue channel lines - the higher the distance between the lines, the closer the price rollback or trend reversal.

The indicator can be used both in trend trading systems and in reversal ones.


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