- What's new
This channel is displayed in a separate indicator window with a histogram to easily keep track of price movements.
Uses a special algorithm to plot the channel and histogram lines.
Can be used on all time frames and pairs.
Features alert function.
No need to set up the indicator.
How to use:
Simply attach to any chart.
Red histogram line and red channel line = Sell
Blue histogram line color and blue channel line = Buy
See pictures below.
Best results when checking the higher time frames as well.
Use as you see fit for your strategy.
Best results on Major Pairs, but can also be used on other pairs.
Important to note:
Please do not use this indicator haphazardly. Make sure it compliments your strategy.
Don't risk money you cannot afford to lose.
You use this indicator at your own risk. Please apply money management wisely.
Always test your strategy on a demo account before using a new indicator on a live account.