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ECM Channel MT4

5
ECM Elite Channel is a volatility-based indicator, developed with a specific time algorithm, which consists of finding possible corrections in the market.

This indicator shows two outer lines, an inner line (retracement line) and an arrow sign, where the channel theory is to help identify overbought and oversold conditions in the market.

The market price will generally fall between the boundaries of the channel. If prices touch or move outside the channel, it's a trading opportunity.

The indicator gives you a signal on a possible reversal. When the price is close to the upper line, the market is considered overbought, when it is close to the lower line, it is considered oversold.
  
It's a ready-to-use trading system for trading any instrument.

This tool simplifies the analysis of financial markets and proves to be the trader's right-hand man.


ECM Elite Channel is a visual and intuitive tool that is easy to understand and use. 



Information


Using the channel: 


M1/M5 (Scalping/more opportunities/more noise)

M5 (Scalping/day trading)

M15/M30/H1 (best windows M30/H1 more precision )

H4/D1 (long negotiations/swing trade)



PS: Leave your comments and rating


Good negotiations!


Author



Paulo Rocha all rights reserved


Recensioni 1
FcoJoseS
70
FcoJoseS 2024.02.01 12:46 
 

Es un excelente indicador que te puede anticipar una entrada, aunque yo lo confirmo con cambios de estructura o fuerza de divisas para la confirmación. Gracias Paulo por tu trabajo, muy bueno, será interesante ver cómo evolucionará con el tiempo! Saludos desde España!

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IA Trendx3 PRO
Marco Aurelio Santos Costa
What if God Created a Trade System? No miracles... Just see how mathematics can be effective in the market. We managed to combine technical analysis / price action into indicators, creating the best setup for trading, be it in Forex, Indices, or stocks. It took us 2 years to create something that really works, and now it's time for you to discover it. TrendX3 is a revolution in trend analysis. Based on advanced algorithms and real-time data, it provides valuable insights so that you can make inf
The 5X target indicator is an indicator that plots the optimal entry zone and the target for the trading day. It also plots a level where the stoploss can be moved to breakeven for a risk free trade which is 2X. This indicator has time window inputs. The default settings are from 02:00 to 19:00 CET+1 time zone. This indicator is based used with a direction bias for the day. I post the direction bias for several pairs in the comments section. Added a new feature Time Zone to help trade the highes
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Gold Channel is a volatility-based indicator, developed with a specific timing algorithm for the XAUUSD pair, which consists of finding possible corrections in the market. This indicator shows two outer lines, an inner line (retracement line) and an arrow sign, where the theory of the channel is to help identify overbought and oversold conditions in the market. The market price will generally fall between the boundaries of the channel. If prices touch or move outside the channel it is a tra
ELT Reversal MT4 (Elite_Indicator)    is an indicator for the MetaTrader 4 terminal. . This indicator is based on the Counter-Trend strategy, but also uses Volatility. It is based on showing possible liquidity in the financial market, thus helping traders in their trading. ELT Reversal MT4 (Elite_Indicator) is a visual tool, intuitive, and easy to understand and use.  Recommended time frame for Scalping Trade : M1  M5  M15 Recommended time frame for Swing Trade : M30  upward Better precision:
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FcoJoseS
70
FcoJoseS 2024.02.01 12:46 
 

Es un excelente indicador que te puede anticipar una entrada, aunque yo lo confirmo con cambios de estructura o fuerza de divisas para la confirmación. Gracias Paulo por tu trabajo, muy bueno, será interesante ver cómo evolucionará con el tiempo! Saludos desde España!

Paulo Rocha
385
Risposta dello sviluppatore Paulo Rocha 2024.02.01 13:23
Muito obrigado pelo comentário! Boas negociações! Cumprimentos
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