The indicator plots horizontal channels. If the price breaks the boundary of the channel, the channel is shifted. The channel boundaries serve as the support and resistance levels, and the areas bordering the channel boundaries can be used as the overbought and oversold areas. The Channels for prices indicator perfectly works during a flat when combined with the indicators like Stochastic, RSI and operates as a confirmation indicator.

The Channels for prices free is a demo version limited to: EUR/CHF and EUR/GBP instruments, M1 and M30 timeframe.
You can purchase the full version of the Channels for prices indicator (without limitations) here.

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