Price Channel

Price Channel Indicator draws a channel by connecting the highest high and lowest low over a chosen number of candles. Upper and lower lines represent the trailing highs and the trailing lows. Middle line is the price average. When a forex market moves above the upper band, it is a sign of bullish strength. Conversely, when a forex market moves below the lower band, it is a sign of bearish weakness. This indicator is mostly employed in breakout strategies.

Price Channel

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  • File: Price Channel.mq4
  • Size: 3 Kb

Price Channel v2

In this version the only difference is the color of the 3 lines which makes its interpretation easier.

Price Channel V2

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  • File: Price Channel v2.mq4
  • Size: 3 Kb
Price Channel posted by is rated 5 / 5 on 1310 reviews.

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