The Point-Percent Price Channel indicator (PPPC or PP Price Channel) is
designed to display a channel on the chart, the width of which is set as a percentage of the current price and in points. Its appearance is
shown on slide 1.

            When the market moves up, the upper limit of the channel is built on the prices of the High candles. In this case, the lower border moves after
the upper one at a strictly specified distance. When the price touches the lower border of the channel, the indicator switches to the construction of this
lower border, which is built on the prices of Low candles. In this case, the upper border moves after the lower one at a
given distance. When the price touches the upper border of the channel, the indicator switches back to plotting the upper border. And so
on… see slide 2.

            Parameters

• Channel Width in Points – channel width in Points;
• Channel Width in Percent – channel width in Percent
  percentages.

            To set the channel width only in points, you need to specify a zero value in the second parameter, and a value in points in the first parameter.
In order to set the channel width only as a percentage, you need to specify a zero value in the first parameter, and a percentage value in the second
parameter. If you specify non-zero values in both parameters, then the channel width will be calculated as the sum of two numbers
(the value as a percentage of the current price plus the specified value in points).

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         Using the indicator in trading

            
The first trading option is based on the breakdown of one of the channel boundaries.

            For example, if the price was moving up, then when it reverses (i.e. when touching the lower border of the channel), you should performa Sell.
Next, you should stay in a short position until the price turns up (i.e., until the price touches the upper
limit of the channel).

            It should be noted that it is quite simple to implement such a trading strategy. To do this, when the price moves up, you need to set a
moving sell order, which will move along the lower border of the channel. As soon as the price turns down (i.e. touches the
lower border), the order is triggered and a short position is opened. Immediately after that, you should seta trailing stop,
which should move along the upper border of the channel. As soon as the price turns up (i.e. touches the upper limit), the stop loss is applied.
it will work, and the position will be closed. See slide 3.

            To implement the entry into a long position (Buy), you should perform similar mirror
opposite actions. See slide 4.

            
The second option of trading is based on the rebound of the price from both borders of the channel.

            For example, when the price touches the lower border of the channel, you should buy (Buy), and when you touch the upper border, you should
sell (Sell). See Slide 5.

         Using the indicator in the work of other indicators

            This indicator can be used in the operation of other indicators. In particular, it is used to build monowaves in
the YY Mono Waves indicator, which can be downloaded for free inMarket.

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