As simple as it gets, channels based om high, low and ATR distances, Shows possible short term support / resistance or can be used as tp/sl in some trading systems
Recommendations:
in this form it is not meant to be used signals
instead it should be used for trends, support, resistance estimation, or, as told above, for TP or SL settingsÂ
ATR Channels - indicator MetaTrader 5 Real author: Luis Guilherme Damiani ATR Channels create price movement channels considering ATR (Average True Range) technical indicator. The indicator…
Keltner Channels Set - indicator MetaTrader 5 This indicator uses considerably more than two Keltner Channels than the standard Keltner Channel indicator. The indicator shows overall picture…
