Trend Tracker SR Channel
Easily track how the price moves in this channel, with the help of Arrows and a Moving Average, while trading between Support and Resistance lines.
Features alert function.
Input parameter MALinePeriod for the MA line.
How to use:
Simply attach to any chart.
Blue line below price (Support) = buying opportunities.
Blue line above the price (Resistance) = selling opportunities.
Blue Moving Average line have just crossed below price + Blue Arrow = Buy.
Red Moving Average line have just crossed above price + Red Arrow = Sell.
Best results when looking at the higher time frames as well.
Use as you see fit for your strategy.
Best results on Major Pairs, but can also be used on other pairs.
Important to note:
Please do not use this indicator haphazardly. Make sure it compliments your strategy.
Don't risk money you cannot afford to lose.
You use this indicator at your own risk. Please apply money management wisely.
Always test your strategy on a demo account before using a new indicator on a live account.
User is alerted only on every SR line change that supports the direction.