New capabilities of "Pivot Channels" and "TD lines". Current situation on the EURUSD.

New versions of my indicators have successfully passed moderation and are now available in store. Indicators have undergone substantial revision. The main innovation was the emergence of a new type of channels to display Pivot Channels and lines "TD lines. If the breakout of the "trend channel" is a signal the beginning of the correction to the trend or the beginning of the formation of a new trend, the breakout of a new type of channel, "correction" is a signal the completion of the correction and continue the trend.

Also in the TD lines was added "correction" type of TD lines. The breaking of this line is also the signal for trend continuation and completion of correction.

Here is an example on the current situation on the EURUSD.

Results of Pivot Channels. The free version of this indicator can be found here Pivot Channels Demo.

Channel which defined the movement down to 1.045 is "correction".

In the current timeframe big "trend" channel is not already open (ie not broken its boundary). If it will be opened, then it will determine the beginning of a correction to the 10 monthly fall.

H4.

On H4  our big trend-channel is open, but immediately after its opening was formed and broken new trend channel. This means that the large trend-channel is not reliably broken. This channel shows the dot lines. On this chart was added corrective channel. but he had not yet broken. His breakout will at closing below 1.06.

M5. 

 Result of TD lines.  The free version of this indicator can be found here TD lines free.

H1. 

 M15.

Open correctional TD-line is shown in pink.