Price channel boundaries

Price channel boundaries

8 March 2016, 08:53
Maxim Kuznetsov
0
152
The indicator is added a new feature - displays the price channel boundaries in history.

Price "walk" from one border to the other, some pushing and returning it back.

A trader can use the touch points of the channel price in their trading strategies.
With high volatility (active market) is more likely to further movement in the direction of the breakdown, low volatility is more likely rapid price rebound from the channel.

Volatility can be defined in width (narrowing / expansion) channel. The tapered channel shows a falling volatility, widening - increasing.

Bright Road on the Market: https://www.mql5.com/en/market/product/13886

demo-version restricted to GBPUSD also available: https://www.mql5.com/en/market/product/14765

Break boundaries of the channel with high volatility (day session):

breaks

The rebound from the channel borders (night flat):

rebound

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