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Channel Signal

The channel Forex indicator is designed with extreme price values for a specific period in mind.

The indicator comprises of three distinctly colored lines that resembles those of the Bollinger Bands.

Basic Trading Signals

Buy Signal: Go long when price opens and closes above the middle medium  line of the indicator, and trades along the upper channel border.

Sell Signal: Go short when price opens and closes below the middle medium blue line of the indicator, and trades along lower channel border.

Exit buy trade: Close all buy orders if while a bullish trend is ongoing, price closes below the medium central line of the indicator.

Exit sell trade: Close all sell orders if while a bearish trend is ongoing, price closes above the medium central line of the indicator.

Tips:

A good combination of the indicator with other technical analysis tools will bring out the best and yield a profitable trading strategy. Works for scalping, day trading and swing trading.


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Piotr Stepien
5 (1)
This is a volume profile that shows the volume with a fixed constant time frame that you set. The indicator also shows the maximum volume value (VPOC - VOLUME POINT OF CONTROL) and the average value, colors and settings you can adjust as you like, there are many possibilities. If you need an indicator that shows the variable   volume range frames there is  ...HERE... Volume Profile  is an advanced charting study that displays trading activity over a specified time period at specified price leve
Market Profile PRO
Piotr Stepien
3 (1)
Concept of Market Profile was created at Chicago Board of Trade (CBOT) by trader  Peter Steidlmayer  and first published during the 1980s as CBOT product. Market profile by itself is not a stand-alone strategy, but a different way how you can view the market and make better trading decisions. They have seen a market as an auction process which is affected by supply and demand the same way as every other auction, for example, development of prices of food, gas etc. The price goes up as long th
Concept of  Market Profile  was created at Chicago Board of Trade (CBOT) by trader   Peter Steidlmayer  and first published during the 1980s as CBOT product. Market profile by itself is not a stand-alone strategy, but a different way how you can view the market and make better trading decisions. They have seen a market as an auction process which is affected by supply and demand the same way as every other auction, for example, development of prices of food, gas etc. The price goes up as long
This indicator shows the high volume zone. From the last minutes that you set yourself, the image of the volume zone is generated on an ongoing basis. The indicator also shows the V-Poc, Average Volumen and V-WAP lines. if you are using high intervals you must enter a large number of minutes. the zone builds itself up as the chart moves. if you want to build a zone from:  last day - 1440 minutes,    last week - 10080 minutes, ... etc. If you need an indicator that shows the constant volume zone
This is an indicator that shows high volume zones and very important points such as V-POC, Average Volume and V-WAP, its use is very similar to the volume Profile but has much more use, You can adjust the time interval in which the zone is to be built, I recommend high compartments type D1, W, M. But if you are using very low time intervals you can also use lower TF zones. If you need an indicator that shows the variable   volume zone range frames there is  ...HERE... Volume Zone  is an adv
Market Factor
Piotr Stepien
Market Factor  is a professional automatic trading system designed and optimized for the MT5 platform. The principle of operation is  based on price channels, price breakouts and pullback . Tested in sample and in out of sample. Currency pair: AUDCAD Requirements: Leverage 1:100 or higher  Minimum deposit 500 USD ( or the same in another currency. ) Run EA on AUDCAD symbol and any  Time Frame. ( does not require any specific setting. ) You can set your risk management using a perce
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Version 1.10 2021.11.02
Self-adjusting channel functionality has been added.