This indicator shows trend line and channels using the BSI Indicator.
First, it will check the trend by BSI. Then, draw the trend line or channels by condition. The trend line uses regression line, channels use tango line.
Display:
orange dash lineβ trend line or channel (high).
blue dash line β trend line or channel (low).Β
red mark β reversal bar (high).
blue mark β reversal bar (low).
pink line β this line is tango line (show the entry level).
BSI - indicator MetaTrader 5 Real author: fxborg Bounce Strength Indicator (BSI) shows the strength of bounce according to the Wyckoff method. After a move…
