Price Band

Price Band forms a static or dynamic channel around the price and follows the movement by giving two values (frontiers). The price should not stay above the red curve or below green (blue) curve without "Correct position by returning between the two curves", but if the horizontal distance between those two curves decreases, that means the price is in a strong uptrend (strong downtrend).

Horizontal trend: when the distance between the blue and the red curves is maximal, the price move between these two curves.

So, this channel shows clearly where the market is going!

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