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A trend indicator (flat) with a price channel.

  • Buy – the price crossed the central line from the bottom up (the candle closed above the line), the channel is oriented horizontally (yellow line) or up (green line). Transfer to breakeven after the price reaches the opposite border of the channel. Closing a position after the formation of conditions for the sale.
  • Sell – the price crossed the central line from top to bottom (the candle closed below the line), the channel is oriented horizontally (yellow line) or down (red line). Transfer to breakeven after the price reaches the opposite border of the channel. Closing a position after the conditions for the purchase are formed.

  • Period – the calculation period, by default 24;
  • Display channel – displays the channel, default is true.

For complete information about the market state, use the following indicators: Trend check and Angle Regression Line with Divergence

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