Auto Trend Channel
Auto Trend Channel could show the trend direction clearly and provide dynamic support and resistance.
- When the Mid line point up, it means the trend is up.
- When the Mid line point down, it means the trend is down.
- When the Mid line changes direction, the trend direction is changed.
- For medium term trade, if daily trend is point up, you could look to buy dips on 240 Min or 60 Min chart.
- For short term trade, if trend is up on 240 Min chart, you could look to buy dips on 60 Min or 30 Min chart.
- For scalping trade, H3 and L3 line means short term extreme level. If price touches them rapidly, it's a good trade opportunity for short term momentum exhausting.
The lines color could be adjusted according to your habit. Please see the last one of the screenshots.
If you have some other questions, please leave your comments here. I'll reply within 24 hours.