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The channel

It's an open secret that according to the statistics a price spends most of the time in a channel.

That is why strategies, which operate on a principle of the price bounces from the channel borders, are the most attractive.

The channel indicator allows to trade using precisely these methods. It will be a good foundation for or a supplement to your channel strategy.

One way to use indicator lines is shown in the screenshot.


  • Channel_Period = 34; - channel period
  • Channel_Width = 1.618; - channel width ratio

Wish you successful and stable trading!

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