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2013.02.15 09:24
Indicators

Volty Channel Stop - indicator for MetaTrader 5

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Views:
6294
Rating:
votes: 21

The real author:

TrendLaboratory

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 Software Corp.
Original code: https://www.mql5.com/ru/code/1497

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