Price Channel Filter (PCF) indicator readings are interpreted as follows:
- Flat if PCF = 0;
- Uptrend if PCF = 1;
- Downtrend if PCF = -1.
In the properties of the indicator, it is possible to adjust the calculation period. In addition, you can add levels and change the color of the indicator line.
You can use several PCF indicators with different periods for finding trends and corrections.