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Meco Ultimate Channel

5

This indicator belongs to the family of channel indicators. These channel indicator was created based on the principle that the market will always trade in a swinging like pattern. The swinging like pattern is caused by the existence of both the bulls and bears in a market. This causes a market to trade in a dynamic channel. it is designed to help the buyer to identify the levels at which the bulls are buying and the bear are selling. The bulls are buying when the Market is cheap and the bears are selling when the Market is expensive.


It is designed to help the trader practice a principles of "Buy THE LOW, SELL THE HIGH". This indicator can be used to trade Ranging markets and Trending Markets.in Ranging markets, Reversal strategies can be used along with this indicator and in Trending Markets , Trend trading Strategies can be used along side with this indicator.


In Trend Reversing strategies , it can be used with Oscillators like RSI, STOCHASTIC, MACD, ATR, VOLUMES, Divergence indicators , harmonic Patterns, ICT and smart Money strategies. for Trend Followings  strategies the channel can be used with indicators like Pullback indicators , Oscillator Convergences , Continuation Patterns like Triangle , Flags, Market imbalances etc
in trend reversing the orders are executed when the prices reaches the upper and lower bands of the channel as shown on the screenshots. In trade following the orders are executed when reaching the mid line of the channel which is dotted line in the default setting as shown on the screenshots. The indicator can be used in any time-frame from scalping , swing trading and investing. it can be used in all market from Forex, stock and Synthetics.  

The channel can be modified to suit the market you are trading, by changing the  bands of the channel or the averaging method of the channel.Also the colour of the bands can be changed to suit the background of your choice.  by default the indicator comes with 3  upper bands and 3 lower bands , hence you can add it twice in a chart to have 6 upper bands and 6 lower bands. the bands can be stepped by 5, 6,7,8,9,10. You will also need to zoom in your charts to see all the channel bands.  

Comentários 1
zbairen985
440
zbairen985 2023.02.25 12:59 
 

This software product is great. But there is a question to ask the author:in my chart, only three lines are shown above and only three lines are shown below. How can we achieve the six lines above and six lines below? Please give me a solution! Thanks a lot!

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Limited Offer:    Take advantage of our limited-time offer on the FxBears Powers Indicator! When you purchase this powerful tool, you'll also receive the renowned FxBears EA, an expert advisor that automatically executes the indicator's signals. Don't miss out on this unbeatable combination to enhance your trading strategy! No more losses with this indicator, test it for years ago and see if there is losses in one day results. but before testing it please see the explaining video down here. 
Contact us to receive a comprehensive user guide after purchasing. William Delbert Gann, commonly known as W.D. Gann, was an exceptional market analyst renowned for his unique trading style in the early 20th century.  His trading techniques were based on a blend of mathematics, geometry, astrology, and ancient mathematics. Gann believed that stock market movements followed specific patterns and cycles, rather than being random. His methodologies, celebrated for their accuracy and relevance, con
The indicator is designed to close positions on the market in time. For example: to take profits ahead of schedule if the price has not reached TakeProfit, and the market is turning around. The indicator analyzes the momentum, not the trend. He does not give any information about the trend. The indicator is well suited for finding divergence. The Ershov 38 Parrots indicator dynamically adjusts to the market and detects price movement impulses of medium and high amplitude. It almost does not rea
ESTE INDICADOR, BASEADO EM INTELIGÊNCIA ARTIFICIAL, identifica possíveis pontos de reversão do mercado através da leitura da pegada e sinaliza ANTECIPADAMENTE pequenos movimentos de mercado antes que eles ocorram. Ao contrário dos indicadores de preço e volume, que geram entradas “tardias”, ou seja, quando já ocorreu uma confirmação de preço ou volume sobre uma mudança de direção e, portanto, muitas vezes o movimento já terminou, este indicador sinaliza, com base no que lê no pegada, “QUANDO O
VIP Buy Sell Signals
Hapu Arachchilage Tharindu Lakmal
Here is a Live DEMO testing account for the indicator. ( Profit proofs ) Login (MT5) - 100246 Server - FusionMarkets-Demo Investor PW - VIPindicator@2024 Contact me through this email aaddress to download the FREE strategy PDF for this indicator tharindu999lakmal@gmail.com Introduction   The   "Buy Sell Signals"   is designed to provide BUY and SELL trade signals based on the current market conditions.   A   Profitable   Trading Strategy   (Chee sheet)   is provided for this trading indicato
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zbairen985
440
zbairen985 2023.02.25 12:59 
 

This software product is great. But there is a question to ask the author:in my chart, only three lines are shown above and only three lines are shown below. How can we achieve the six lines above and six lines below? Please give me a solution! Thanks a lot!

Thapelo Kapwe
276
Resposta do desenvolvedor Thapelo Kapwe 2023.03.06 19:46
Thank you for your review . For you to have 6 lines you need to add the indicator twice in a chart. with the following setting for the lines steps 1) when you add it for the first time leave the default line steps as 5,7,10
2) when you add it for the second time go to the inputs and change the line steps to 6,8,9 3) you can be flexible and change the line steps to any number which is not listed on the defaults for your own experiments and best setup let me know if you have managed
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