Technical Indicators for MetaTrader 4

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MetaTrader 4

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Channel Reliable

channel-reliable-logo-200x200-4530
59 $44 $

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Information

Indicators
MetaTrader 4
Maryna Shulzhenko
1.0
5

Overview

This is no ordinary channel. Everyone should analyze it and find a way to use it in their trading strategies. Like all channels, it has a middle line as well as a high and low line. This channel is worth watching for its unusual behavior.
The use of the Channel Reliable indicator allows the trader to react in time to the price going beyond the boundaries of the channel set for it. This corridor is built on the basis of the analysis of several candles, and changes in the parameter of the number of candles itself dynamically depending on the volatility, starting from the latter, as a result of which the extremes of the studied interval are determined. They are the ones who create the channel lines.

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