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Fit Channel

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.
Comentarios 5
rainwalker123
3363
rainwalker123 2024.01.07 12:40 
 

Brilliant indicator, among the 97% of useless indis here on MQL5, Timing is the most important thing in trading. Congratz to the Author. Keep up the good work.

ed070279
20
ed070279 2023.04.29 09:00 
 

Крутой индикатор, отработка совместно с уровнями супер!

elite luis
3331
elite luis 2023.03.06 09:44 
 

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!

*Bought both MT4+MT5, Best Buy for 2023!*

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Guner Koca
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Kaijun Wang
4.89 (9)
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Filtro:
rainwalker123
3363
rainwalker123 2024.01.07 12:40 
 

Brilliant indicator, among the 97% of useless indis here on MQL5, Timing is the most important thing in trading. Congratz to the Author. Keep up the good work.

ed070279
20
ed070279 2023.04.29 09:00 
 

Крутой индикатор, отработка совместно с уровнями супер!

elite luis
3331
elite luis 2023.03.06 09:44 
 

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!

*Bought both MT4+MT5, Best Buy for 2023!*

mueller74
440
mueller74 2021.06.10 17:13 
 

Fit Channel is an indicator that offers a great deal of utility. I considerate it a prime indicator which can be used to test additional indicators being considered for a particular strategy.

alfy87
895
alfy87 2021.04.24 22:54 
 

simple and cheap - combines amazingly with 2 other indicators I use.. thanks Kaijun

Kaijun Wang
130343
Respuesta del desarrollador Kaijun Wang 2021.04.25 02:46
I am very happy to be able to play a role in your trading system.
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