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
If you need help
Write down comment or use the feedback button
Really love that one. Would be nice if you could make a version for MT5 too please !!!
Thank you so much !!!
Hi. Yep another one trader already asked me about that too, so seems to be we need this mt5 version in our blog))
At the moment we have a lot of work with our xen servers, but I will try to make that indi this week.
This is nice indicator for scalping. :thumbs-up