PriceChannel Stop v1 - trend indicator
PriceChannel Stop v1 - The first version of the popular trend indicator for MetaTrader 4.
Principle of operation PriceChannel Stop v1 similar to the indicator Parabolic SAR - when the price reaches a point of the indicator, the opposite signal appears at the minimum (if the trend is up) or maximum (if the trend is down) as a point of blue or red, respectively. It is clear how to use such signals in your work.
Commentary from ForTrader.org: PriceChannel Stop v1 - A very good trend indicator, but will let you down on the fluxes, so the signals require confirmation.