This indicator displays an equidistant price channel, identifies short-term trends and automatically finds the best levels for the upper and lower borders of the channel. It is optimized for major timeframes and currency pairs.

Advantages

• visualization of short-term trends
• automatic setting of upper and lower channel borders
• suitable for scalping strategies based on a rebound from the channel borders

Parameters

• smooth - border smoothing coefficient. The default value is 1;
• pricetype - use Open or HighLow prices. The default value is 0;

Additional Information

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