Shepherd Swing Channel
Are you a day trader ?
Swing trader ?
This indicator is suitable for swing trading on big time frames: H1- H4 and Daily time frames.
One of the most important feature of the indicator that it doesn't repaint its signal
The indicator is very simple on the chart:
- Just One blue and One red lines as channel.
- Purple central line as target line.
- Trend lines which change color when the trend changes.
How to Use in trading
We wait till the price hits the upper channel line red line in case of sell
Then we will wait for a color change in the trend line which will be our entry point after bar close
The target line will be the purple line and the stop loss will be the red line
Vice versa for buy position.
- Money management is very important
- Be flexible with the changes in trend line color
- For any suggestion tell me in personal message
- Don't forget to leave your review.
- Back_Bars - Number of Bars to Be Calculated for Channel Drawing.
- Swing_Period - Trend Line Period.
- Signal_Size - Size Of Signal Lines.