he Indicator draws a channel with explanation (informer in the left top corner of the chart)
Input variables:
LineColor=DarkOrange;
AllBars=240;
BarsForFract=0;
SUGGESTIONS FOR USE:
1. Easily determinate a current trend of any pair. ( Important: always trade follow a trend. Very useful tool
to be used with any buy/sell indicator or software)
2. Open a trade on a trend change ( trend line confirmed breakout )
- trend line confirmed breakout: a whole candle must close above or below a trend line - strong signal for a trend change.
Timeframe: ANY
Pairs: ANY
I think its very useful. I use that indicator for a while in h4 timeframe and find it very useful.
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