Price Channel Indicator mt4
This is my favorite indicator I using it for channel breakout trading strategy and price pull backs from maximum / minimum levels.
High and low level you can use as dynamic support / resistance zones.
Also this indicator can show you trend direction and range market condition.
update 07.01.2019 – added two modes to calc the price channel by Open/Close and High/Low prices
PRO TIP :
You can get a signal from a combination of indicators.
Follow the link to learn how to combine two or more signal alert indicators together http://projectreaper.pw/en/how-to-combine-two-or-more-signal-alert-indicators-together/
How to install :
1. Download file
2. Unzip archive and copy the MQL4 folder from the archive to your terminal Data folder
3. Restart terminal and apply the indicator to a chart
4. Register a valid email with single time donation or log in with previously registered email address.
5. You can switch your broker account any time you need by logging in with previously registered email address
How to find Data folder :
in the terminal click File menu – Open Data Folder