The SFE Price Channel indicator recognizes and draws the channel in which the price is moving, as well as the trend of this channel.
The purpose of the indicator is to implement trading strategies based on the operating key levels of this channel.
The attached screenshots show the interpretation of the indicator and an example of a trading strategy based on it.
- Determine the channel and limits in which the price moves, as well as support and resistance lines.
- Determining the trend.
- Works on all pairs and periods.
- A universal indicator for various strategies.
- channel_period: the period for calculating the channel.
- channel_multiplier: a multiplier that affects the channel dimension.
- limits_multiplier: a multiplier that affects the distance limits.