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XM Channel MT5

5
The market price usually falls between the borders of the channel  .

If the price is out of range, it is a trading signal or trading opportunity.

Basically, Fit Channel can be used to help determine overbought and oversold conditions in the market. When the market price is close to the upper limit, the market is considered overbought (sell zone). Conversely, when the market price is close to the bottom range, the market is considered oversold (buy zone).

However, the research can be used to help determine the strength of price trends. The closing price of the price above the upper limit of channel trading is used as a buy signal, and the closing price of pushing the price lower and lower than the lower limit price is used as a selling signal.

The price channel will be constantly revised during operation, and the channel will serve as a reference for current trading decisions.


Reviews 1
elite luis
3037
elite luis 2023.03.07 01:27 
 

Amazing indicator, another quality product from Author, Big Thank you! Author is super friendly and responsive, any issue he get it fix fast also he is open to idea suggestions and continously updating to improve his indicators, he is extremely passionate in what he is doing, deserved more than 5 stars for his dedication! Well Done!

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Trend Line Map indicator is an addons for   Trend Screener Indicator . It's working as a scanner for all signals generated by Trend screener ( Trend Line Signals ) . It's a Trend Line Scanner based on Trend Screener Indicator.  If you don't have Trend Screener Pro Indicator,   the Trend Line Map Pro will not work.     LIMITED TIME OFFER : Trend Line Map Indicator is available for only 50 $ and lifetime. ( Original price 125$ ) By accessing to our MQL5 Blog,  you can find all our premium indica
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elite luis
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elite luis 2023.03.07 01:27 
 

Amazing indicator, another quality product from Author, Big Thank you! Author is super friendly and responsive, any issue he get it fix fast also he is open to idea suggestions and continously updating to improve his indicators, he is extremely passionate in what he is doing, deserved more than 5 stars for his dedication! Well Done!

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Version 3.0 2023.03.06
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Version 2.0 2023.03.06
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