PriceStream Channel
- Indikatoren
- Sabina Fik
- Version: 1.0
- Aktivierungen: 5
Introducing the PriceStream Channel - a classic channel indicator that allows traders to timely react to price movements beyond the established channel boundaries. This corridor is built based on the analysis of several candles, starting from the last one, which helps identify the extremes of the studied period. These extremes then create the channel lines.
Trading within a channel is one of the most popular strategies in forex, and its simplicity makes it suitable even for beginners. The PriceStream Channel indicator implements the channel and provides entry signals at the channel boundaries.
When you look at the price and try to identify the simplest visual patterns, you will immediately notice that price rarely moves in a straight line. Instead, you'll see how price fluctuates within a visual range.
Typically, these oscillations occur due to formed highs and lows over a certain period.
Traders usually try to break through these formed peaks or valleys because the main definition of a trend states that during its development, price lows or highs, depending on the direction of movement, should constantly update.
The indicator captures these changes and helps the user read the price chart more effectively.
Parameters:
- Length: Length.
- Method: Method.
- Applied Price.
Alerts:
- Use Alert: Use alert.
- Send Email: Send email.
- Send Push Notification: Send push notification.
