Distinctive feature of this indicator is re-enter (UseReEntry parameter in indicators’ settings/input). Many traders remember this term ‘re-enter’ as it is usually used in signal trading. So, practically – this re-enter is having same logic as to Asctrend original system by Ablsys, or according to many other signal systems.
This feature (re-enter) was created by Igorad for his original Price Channel indicator according to my request some time ago, and it is providing the possibility to re-enter by arrow on same pair/timeframe:
Red/blue circle on the chart – signal to enter (to open the order on next open bar).
Red/blue arrow on the chart – signal to re-enter (to open additional order).
Indicator is having all kinds of alerts: email alert, alert on current open or previous/close bar, message alert, sound alert. There are possibilities to turn alerts on/off (all the alerts, or some of them separatedly).
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