Pivot Channels Demo
It is demo-version of Pivot Channels.
On the properties and parameters of the indicator you can read on the page Pivot Channels.
The indicator searches for the points of the beginning of correction or reverse. It gives good market entry points. It will help you to find short-term and long-term trends.
Demo-version differs from the full-version as follows:
- Operates only on H4 or higher timeframes.
Added a new channel type. Correction channel usually completes the correction and its opening is a signal for the continuation of the trend and the development of a new wave.
- Default "Draw Width" is set to false.
- Improved searching for channels on senior timeframes.
- Added channel drawing options.
If "Draw Width" is set to true, then the channels found on the higher timeframe will be drawn with a thicker line.
"WidthChannelLines" sets the width of the line in the current timeframe.
2. Fixed calculation of RSI.
3. Added new option "Skip channels with crossing its upper bound". Values False allows adding channels with high/low prices crossing their borders instead of close prices.