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Signals of the PriceChannelDavid indicator are based on price action. A channel is plotted, and when it is broken, a signal appears. This allows to filter out the market "noise" and to easily identify the trend direction. The indicator works on any timeframe and any currency pair.

The indicator does not redraw.

Input parameters

  • ChannelPeriod - period of the indicator
  • Risk - sensitivity of the indicator, the greater the value the more frequent the signals appear
  • SendAlert - enable Alerts
  • SendPush - enable push-notifications
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Version 2.0 2017.03.16
Added link to developer's website