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Meco Ultimate Channel

5

This indicator belongs to the family of channel indicators. These channel indicator was created based on the principle that the market will always trade in a swinging like pattern. The swinging like pattern is caused by the existence of both the bulls and bears in a market. This causes a market to trade in a dynamic channel. it is designed to help the buyer to identify the levels at which the bulls are buying and the bear are selling. The bulls are buying when the Market is cheap and the bears are selling when the Market is expensive.


It is designed to help the trader practice a principles of "Buy THE LOW, SELL THE HIGH". This indicator can be used to trade Ranging markets and Trending Markets.in Ranging markets, Reversal strategies can be used along with this indicator and in Trending Markets , Trend trading Strategies can be used along side with this indicator.


In Trend Reversing strategies , it can be used with Oscillators like RSI, STOCHASTIC, MACD, ATR, VOLUMES, Divergence indicators , harmonic Patterns, ICT and smart Money strategies. for Trend Followings  strategies the channel can be used with indicators like Pullback indicators , Oscillator Convergences , Continuation Patterns like Triangle , Flags, Market imbalances etc
in trend reversing the orders are executed when the prices reaches the upper and lower bands of the channel as shown on the screenshots. In trade following the orders are executed when reaching the mid line of the channel which is dotted line in the default setting as shown on the screenshots. The indicator can be used in any time-frame from scalping , swing trading and investing. it can be used in all market from Forex, stock and Synthetics.  

The channel can be modified to suit the market you are trading, by changing the  bands of the channel or the averaging method of the channel.Also the colour of the bands can be changed to suit the background of your choice.  by default the indicator comes with 3  upper bands and 3 lower bands , hence you can add it twice in a chart to have 6 upper bands and 6 lower bands. the bands can be stepped by 5, 6,7,8,9,10. You will also need to zoom in your charts to see all the channel bands.  

Bewertungen 1
zbairen985
440
zbairen985 2023.02.25 12:59 
 

This software product is great. But there is a question to ask the author:in my chart, only three lines are shown above and only three lines are shown below. How can we achieve the six lines above and six lines below? Please give me a solution! Thanks a lot!

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Elliot Waves Analyzer Pro calculates Elliot Waves to Help Identify Trend direction and Entry Levels. Mainly for Swing Trading Strategies. Usually one would open a Position in trend direction for Wave 3 or a Correction for Wave C . This Indicator draws Target Levels for the current and next wave. Most important Rules for Elliot Wave Analysis are verified by the Indicator.  The Pro version analyzes Multiple Timeframes and shows the Subwaves and Target-Levels.   For an Overview  " Elliot Waves Anal
NakaSide
Ricardo De Andrade Nakano
Wir präsentieren NakaSide - Ihr ultimativer Marktchancen-Indikator! Sind Sie es leid, profitabelere Handelsmöglichkeiten zu verpassen? Sind Sie bereit, Ihren Handel auf die nächste Stufe zu heben? Suchen Sie nicht weiter, denn NakaSide ist hier, um die Art und Weise, wie Sie handeln, zu revolutionieren! NakaSide ist nicht nur ein weiterer gewöhnlicher Indikator; es ist Ihre geheime Waffe, um selbstbewusst und präzise durch die komplexe Welt der Finanzmärkte zu navigieren. Mit seinen fortsch
INDIKATOR basierend auf KÜNSTLICHER INTELLIGENZ, der mögliche Call- und Put-Eingaben für binäre Optionen generiert. Der Indikator funktioniert nach drei verschiedenen Strategien: 1) Durch das Ablesen der Volumina wird ein Signal gesendet, wann sich der Preis umkehren sollte 2) Durch die Divergenz zwischen Preis und Volumen sendet es ein Signal, wann sich der Trend fortsetzen oder umkehren sollte 3) Durch die Konvergenz zwischen Preis und Volumen sendet es ein Signal, wann sich der Trend
Average Cost Price helps you keep track of your open positions on the chart. In doing so, it provides lines and explanations on the chart. This line is the average price value of the Bid or Ask. If you wish, you can see the average cost price by adding SWAP and COMMISSION to the average price value. *** You can add commission manually per lot. The legend below the Average Cost Price line gives you: * Average Buy or Sell price line, * Swap Amount, * Commission Amount, * Total Profit or Los
Auswahl:
zbairen985
440
zbairen985 2023.02.25 12:59 
 

This software product is great. But there is a question to ask the author:in my chart, only three lines are shown above and only three lines are shown below. How can we achieve the six lines above and six lines below? Please give me a solution! Thanks a lot!

Thapelo Kapwe
275
Antwort vom Entwickler Thapelo Kapwe 2023.03.06 19:46
Thank you for your review . For you to have 6 lines you need to add the indicator twice in a chart. with the following setting for the lines steps 1) when you add it for the first time leave the default line steps as 5,7,10
2) when you add it for the second time go to the inputs and change the line steps to 6,8,9 3) you can be flexible and change the line steps to any number which is not listed on the defaults for your own experiments and best setup let me know if you have managed
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