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- 2013.02.15 09:24
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Description:
The Volty Channel Stop indicator uses the ATR and the Moving Average indicator for calculation of support/resistance lines.
Recommendations to use in trading are standard. If the price is higher than a line, then a buy, if the price is lower than a line, then a sell.
Bullet points are a signal that the trend is reversed. This indicator can become a good alternative of a standard Parabolic SAR indicator in your trading systems.
Image:
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/1497
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