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ECM Channel MT4

ECM Elite Channel is a volatility-based indicator, developed with a specific time algorithm, which consists of finding possible corrections in the market.

This indicator shows two outer lines, an inner line (retracement line) and an arrow sign, where the channel theory is to help identify overbought and oversold conditions in the market.

The market price will generally fall between the boundaries of the channel. If prices touch or move outside the channel, it's a trading opportunity.

The indicator gives you a signal on a possible reversal. When the price is close to the upper line, the market is considered overbought, when it is close to the lower line, it is considered oversold.
  
It's a ready-to-use trading system for trading any instrument.

This tool simplifies the analysis of financial markets and proves to be the trader's right-hand man.


ECM Elite Channel is a visual and intuitive tool that is easy to understand and use. 



Information


Using the channel: 


M1/M5 (Scalping/more opportunities/more noise)

M5 (Scalping/day trading)

M15/M30/H1 (best windows M30/H1 more precision )

H4/D1 (long negotiations/swing trade)



PS: Leave your comments and rating


Good negotiations!


Author



Paulo Rocha all rights reserved


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Automatic, live & interactive picture of all trendlines. Assign push, email and sound alerts to the lines of your choice and be informed about price rollback, breakout, rollback after breakout, number of rollbacks, line expiration by double breakout. Correct, drag or delete the lines and interactively tune the line system. https://youtu.be/EJUo9pYiHFA . Chart examples https: //www.mql5.com/en/users/efficientforex Price Interaction Events All events are effective immediately and only after one
The indicator displays the probable ( Support and resistance ) levels. The indicator draws horizontal and trend levels of support and resistance. The indicator settings: Trends - the mode for displaying trend lines or horizontal lines of support and resistance Yes - display trend lines only No - display horizontal lines only UseResource - use the resources built into the indicator. Yes - use the ZigZag indicator from the resources of the product. No - use a custom ZigZag indicator. HistoryBar -
Simply drop the indicator to the chart and Fibonacci levels will be shown automatically! The indicator is developed for automatic drawing of Fibonacci levels on the chart. It provides the abilities to: Select the standard Fibo levels to be shown Add custom levels Draw the indicator on the timeframes other than the current one. For example, the indicator is calculated on the weekly period (W1) and is displayed on the monthly period (MN1) Select the timeframes the indicator will be available on Ca
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Gold Channel is a volatility-based indicator, developed with a specific timing algorithm for the XAUUSD pair, which consists of finding possible corrections in the market. This indicator shows two outer lines, an inner line (retracement line) and an arrow sign, where the theory of the channel is to help identify overbought and oversold conditions in the market. The market price will generally fall between the boundaries of the channel. If prices touch or move outside the channel it is a tradi
EZZ Elite Zig Zag is an indicator for the MetaTrader 4 terminal. This indicator traces the peak of the trend based on the market reversal, thus showing various opportunities in the financial market. EZZ Elite Zig Zag is a visual tool, intuitive, and easy to understand and use.  Test it Yourself by Downloading it for Free. Author Paulo Rocha all rights reserved
ELT Reversal MT4 (Elite_Indicator)    is an indicator for the MetaTrader 4 terminal. . This indicator is based on the Counter-Trend strategy, but also uses Volatility. It is based on showing possible liquidity in the financial market, thus helping traders in their trading. ELT Reversal MT4 (Elite_Indicator) is a visual tool, intuitive, and easy to understand and use.  Recommended time frame for Scalping Trade : M1  M5  M15 Recommended time frame for Swing Trade : M30  upward Better precision:
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FcoJoseS
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FcoJoseS 2024.02.01 12:46 
 

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Paulo Rocha
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Geliştiriciden yanıt Paulo Rocha 2024.02.01 13:23
Muito obrigado pelo comentário! Boas negociações! Cumprimentos
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