The indicator combines several types of calculation: calculation of price channels and determining the direction of the trend.
- The green line is a buy signal;
- The magenta line is a signal for sales.
- Two yellow lines of the “small” channel above the middle green line – getting ready for sales;
- Two yellow lines below the magenta line – getting ready to shop.
Blue channel lines – the higher the distance between the lines, the closer the price rollback or trend reversal.
The indicator can be used both in trend trading systems and in reversal ones.
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