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In your opinion, which linear channels are most useful for technical analysis?

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Rashid Umarov
Admin
11836
Rashid Umarov 2014.09.16 08:27 
  • 21%
    (20)
  • 15%
    (14)
  • 19%
    (18)
  • 5%
    (5)
  • 6%
    (6)
  • 4%
    (4)
  • 11%
    (10)
  • 19%
    (18)
Total voters: 78
Rashid Umarov
Admin
11836
Rashid Umarov 2014.09.16 08:28  

In the terminal there are several line studies for conducting a technical analysis of the market. They are described in Channels. We would like to know which of them are deemed to be the most useful by the community.

Please vote, even if you do not use the line studies in trading but believe that they provide an objective evaluation of the current situation on the market.

Tonny Obare
29282
Tonny Obare 2014.09.16 09:50  
I use equidistant channel for my non automated strategies.
JD4
1101
JD4 2015.06.23 05:53  
I have no choice on this part, as I am not actively trading yet.  I am still trying to figure out a method or pattern that will work for me.  Also, it wouldn't let me vote.
Alain Verleyen
Moderator
30752
Alain Verleyen 2015.06.23 18:33  
JD4:
I have no choice on this part, as I am not actively trading yet.  I am still trying to figure out a method or pattern that will work for me.  Also, it wouldn't let me vote.
Polls can have a limit date.
JD4
1101
JD4 2015.06.24 19:48  
Alain Verleyen:
Polls can have a limit date.
Yea, I looked back to when the first post was made, and realized that was probably what happened.
rosspet6
25
rosspet6 2016.06.05 16:06  
Equidistant Channel on both price and RSI
Antonio Puzio
154
Antonio Puzio 2017.02.22 23:14  
Rashid Umarov:
  • 25% Equidistant Channel
    (13)
  • 13% Standard Deviations Channel
    (7)
  • 17% Linear Regression Channel
    (9)
  • 10% Andrew's Pitchfork (let it be too)
    (5)
  • 8% Another channel. Will write about it in the comments
    (4)
  • 6% None
    (3)
  • 12% I do not have an opinion on the topic
    (6)
  • 10% I just want to see the answer
    (5)
Standard Deviations Channel
Vitor Oliveira
315
Vitor Oliveira 2017.03.01 11:27  

My preference is for Linear Regression Channel.

 

Cheers, 

Yury Kirillov
3276
Yury Kirillov 2017.03.15 11:09  
Support-Resistance channel.
Carmine Pinto
4677
Carmine Pinto 2017.03.15 12:27  

Based on my experience: Equidistant Channel is effective but you need to understand that most meaningful levels to mark on your charts are the result of collision of several technical factors included the swift momentum due fundamental factors on the same levels (not right to the pips) 

Technical analysis work as a self fulfilling prophecy most of the time (while other times even if you have a great technical analysis outlook it can be totally meaningles to the price dynamics and remain just a sort of graphic art in those cases) but the experienced traders is capable to increase the odds that a trade will work in his/her favour thanks to the global understanding of the market dynamics, not only one or two elements in your favor. This global understanding is especially required when you are conducting a serious business plan with large capitals.

Short answer: support/resistance levels created by the price itself.

Andrew's Pitchfork is a techinque based on price itself so it can be very effective for the Pitchfork expert.

Indicators like Linear regression channels, Bollinger bands or Standard Deviations Channels and others are just a rough indication based on the past, of course this doesn't mean that indicators can't be used succesfully.

Hope this help.

Kind Regards,‌

Documentation on MQL5: Standard Constants, Enumerations and Structures / Objects Constants / Object Types
Documentation on MQL5: Standard Constants, Enumerations and Structures / Objects Constants / Object Types
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Standard Constants, Enumerations and Structures / Objects Constants / Object Types - Reference on algorithmic/automated trading language for MetaTrader 5
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