Forex Channel Trading

The indicator generates signals to open buy orders (up arrow) or sell (down arrow). Can be used as a signal to close a previously open order. For example, the appearance of the buy signal can be considered as a signal to close the earlier opened sell order. The indicator works on higher and lower time frames. The indicator can be used in strategies based on trading in a channel.

The minimum number of settings:

• w = 0 - draw arrows.
• w = 1 - draws lines instead of arrows (might be useful if the chart has a lot of other elements that may affect the visibility of the arrows).
• br = 0 - handles all the bars, the main operating mode (the mode supports the display of arrows).
• br = 20 - a positive integer - the number of the last processed bars. In this mode, only the channel lines are drawn, arrows are not displayed.