Mirosh Channel

It is no secret that the movements of currency pairs for a certain part of the time occur in a certain price corridor, which is called a channel. The lower border is considered the support level, the upper one is the resistance level. Not to be confused with horizontal support and resistance levels! The distance between the support and resistance levels of the channel is called the range or channel width. The key difference between the Mirosh Channel indicator and other channel indicators (for example, from the same Bollinger) is that Mirosh Channel takes into account not simple moving averages, but twice smoothed ones, which, on the one hand, makes it possible to more clearly determine the market movement, and on the other hand makes the indicator less sensitive. Mirosh Channel is a non-redrawing channel indicator based on moving averages.