VoltyChannel Stop v1 - trend indicator
VoltyChannel Stop v1 - trending classic indicator for MetaTrader 4 terminal. The indicator combines two useful properties: first, it indicates trend direction (the green line is upward, the orange line is downward), and second, it shows support and resistance levelswhich additionally play the role of StopLoss level.
It is reasonable to enter the market when a new indicator line is formed and the last level of the opposite signal is broken VoltyChannel Stop v1 indicator.
ForTrader.org comments: A handy, working indicator, which with certain settings and high timeframe can be used as a ready-made strategy. On smaller timeframes, it is desirable to reinforce the signal. Additionally, we recommend to use Trailing Stop.