Ultra Advanced AutoChannel
- Indicators
-
Marcel De Oliveira Farias
NexQuantumX (NQX) develops trading tools for MetaTrader 5 and MetaTrader 4: technical indicators and Expert Advisors built on one consistent risk engine. - Version: 1.0
- Activations: 10
Ultra Advanced AutoChannel is a channel indicator for MetaTrader 4. As the name says, it is meant to show a price channel automatically, so the trader can study the range and direction of the market without drawing it by hand.
Main features
- Automatic channel analysis
- Helps visualise the range in which price is moving
- No manual drawing required
- Easy to use
- A demo version is available for testing
Recommended settings
Time-frames: M30, H1, H4, D1
Pairs: EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD, EUR/JPY
How to use
Use the channel as a visual guide to direction and range, and confirm any idea with your own analysis and risk management.
Trading involves risk. Past performance does not guarantee future results.
Questions and suggestions are welcome in the Comments section.
