- a trading indicator that automatically recognizes support and resistance levels and displays them on price charts.
- the indicator uses the elder system.
- it can be applied to any financial instruments and on any timeframes.
- the indicator also draws channels from the same levels, it is able to draw a channel in a channel, thereby highlighting small trends in the trend.
- it is perfect for scalping since its essence lies in trading in the channel
- the indicator has many parameters that allow it to be conveniently customized for yourself
indicator settings
filter – it filters the noise of the market, that is, we get more accurate channels
k_width – this parameter allows which channels we will see either all or only strong ones from which there is a high probability of rebound the more significant the more powerful the channels we will see
accuracy is the accuracy of drawing channels on the graph , it draws from large levels that are clearly visible …
indicator settings
filter – it filters the noise of the market, that is, we get more accurate channels
k_width – this parameter allows which channels we will see either all or only strong ones from which there is a high probability of rebound the more significant the more powerful the channels we will see
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accuracy is the accuracy of drawing channels on the graph , it draws from large levels that are clearly visible …
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