About:
Forex Indicator TREND CHANNEL for MT4, No Repaint
- Upgrade your trading methods with the professional TREND CHANNEL Indicator for MT4.
- This indicator is excellent for Trend Traders with Price Action entries in oversold / overbought areas!!!
- TREND CHANNEL consist of 3 lines: middle line - shows trend direction (Green - uptrend, Red - downtrend). Area above the Purple line - overbought zone during downtrend. Area below the Navy line - oversold zone during uptrend.
HOW TO USE:
1) Check the color of middle line and detect the current trend. For example, middle line is green - it is uptrend now.
2) Wait until price get back below green line (even below navy line - it is also possible) and look for Price action Buy signal there (pinbar, inside bar, outside bar, swing failure pattern)
Packages:
- Basic - TREND CHANNEL indicator
- Standard - Basic + Trailing Stop Master EA https://www.fiverr.com/dmitry355/give-you-forex-breakouts-super-indicator-for-mt4
- Premium - Standard + Divergence Master https://www.fiverr.com/dmitry355/give-you-forex-divergence-profitable-indicator-kit-for-mt4
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