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Channel Craft

The "Channel Craft" indicator is a classic tool from the family of channel indicators, allowing traders to react promptly to price movement beyond the established channel boundaries. This channel is formed based on the analysis of several candles, starting from the last one, which helps identify the extremes within the studied range and construct channel lines.

Trading within the channel is one of the most popular strategies in the forex market, and its simplicity makes it accessible even to novice traders. The "Channel Craft" indicator implements this channel and provides entry signals when the channel boundaries are reached.

When analyzing the price and attempting to identify simple visual patterns, it becomes evident that the price rarely moves in a linear fashion; instead, it fluctuates within a visual range.

Typically, such fluctuations are caused by formed highs and lows over a certain period.

This is because traders attempt to break through formed peaks or troughs, as one of the key concepts in trend determination states that price lows or highs should constantly update depending on the direction of movement.

The "Channel Craft" indicator detects these changes and helps the trader analyze the price chart more effectively.


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Matthias Horst Pieroth
This indicator can be used to display Support and Resistance levels according to  the  Malaysian SNR concept , in which Support and Resistance are exact levels of a line chart. Malaysian SNR There are 3 different horizontal levels in Malaysian SNR: A-Level : This level is located at the peak of this line chart. (shape looks like the letter A) V-Level : Level at the valley of a line chart, (shape looks like the letter V) Gap-Leve l: This level is located at the Close/Open gap between two cand
Introducing the Power Trade Plus indicator designed by a small group of traders with a few years of experience trading the market profitably.  The Power Trade Plus is derived from the Power Trade indicator,  the indicator strive in powerful sniper entries and take profit levels,  with an algorithm that's can determine the markets volatility and Provides entries based on the current market volatility. This indicator is much more effective in stock ,currencies and indices.
PZ Day Trading MT5
PZ TRADING SLU
2.83 (6)
Dieser Indikator erkennt Preisumkehrungen im Zick-Zack, wobei nur Preisaktionsanalysen und ein Donchian-Kanal verwendet werden. Es wurde speziell für den kurzfristigen Handel entwickelt, ohne dass ein Nachlackieren oder ein Backpainting erforderlich ist. Es ist ein fantastisches Werkzeug für clevere Trader, die darauf abzielen, das Timing ihrer Operationen zu verbessern. [ Installationsanleitung | Update-Anleitung | Fehlerbehebung | FAQ | Alle Produkte ] Erstaunlich einfach zu handeln Es bi
TD Combo is better when you have sharp directional moves, because it requires only thirteen price bars from start to finish compared to TD Sequential which needs at least 22 bars. The criteria for a Setup within TD Combo are the same with those required for a Setup within TD Sequential. The difference is that the count starts at bar 1 of the setup and not from bar 9 and TD Combo requires four conditions to be satisfied simultaneously. Requirements for a TD Combo Buy Countdown - Close lower
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