NOHO Channel Professional

NOHO Channel Professional indicates extreme distribution values of market prices. When price exceeds one of the channel limits, the mid-line becomes a possible extreme for the market to react.

The use of a Higher Timeframe (MTF included) is recommended.

When working with MTF version, 3X times or more is recommended for the MTF setting.

Works in all timeframes and pairs.

The indicator does not repaint.