Shi Channel

 

Can anyone tell me how to use the SHI CHANNEL indicator?

What do the red dots mean?

 
fxken:
Can anyone tell me how to use the SHI CHANNEL indicator? What do the red dots mean?

Some trading strategies using this indicator are here. Red dot is break the channel out as I understand.

And many SHI Channel indicators are here.

Just for information.

 

And some other system which is not finally developed yet is here.

 

shi channel

Hi, can anyone explain to me how to use the shi channel? Which timeframe is the best to use and what is the purpose of the red dot? Thank you

 

There are few systems based on this improved indicator here (first post of the thread): https://www.mql5.com/en/forum/173261

 

Does anyone have a channel indicator (similar to SHI channels) that uses 2 buffers to draw the channel lines?

Please post if you have one, thanks