A adjustable indicator based on two averages – visualize the price levels of a bigger average zone (channel) and the possible trade within a timeframe you specify. The blue dot shows you the change of direction of the channel and is also the price level you should note for entry end exit positions.
- adjustable average zone(s)
- price level as a blue dot
- useable in all timeframes
- for index and forex market
- visualize the moves of the market
Designed for the 15M timeframe, the indicator can be used in all timeframes 5M, 1H etc. Adjust the variables “channel” and “trade” depending on the average zone you would like to see and your personal trading style.