One of the topics that has long been attractive to traders is the use of channels and channel indicators. In this regard, many people with different mathematical formulas have tried to provide a channel indicator that has the best efficiency. On our website and in the indicators section, we try to provide all these indicators of drawing the famous channel for use in stock exchanges and Forex to Persian language traders. Today we decided to provide you with the Lopez channel indicator. Stay with us.
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What is a price channel?
The price channel is actually a pair of support and resistance lines that move dynamically with the price and accompany it. The price channel can be ascending, descending or horizontal and without direction. Theoretically, if you use a channel indicator with the appropriate settings, the price moves in your channel more than 90% of the time. Using this theory, traders have developed many trading strategies. But the most important thing, as mentioned, is to find the best settings for each indicator to get the best results.
Lopez channel indicator features
Lopez channel indicator
This indicator beautifully identifies areas of support and resistance. As shown in the chart above, the red line indicates that the price has entered the saturation range. The green line is also the area of price saturation. This indicator is non-corrective or without repetition and will not change after drawing the closing of the candle and is completely reliable.
This indicator can also be used with pivots. It can also be used as a signal confirmer in price action strategies.
Labels: Order to build a Forex robot , Build a stock trading robot , Build a trading robot , Trader robot design , Free Forex Robot , Forex robot programming , Forex Expert Making Tutorial , Build a trading robot with Python , Download Forex Trading Robot , Buy Forex Trader Robot , Automated Forex Robot , Free stock trading robot , Learn how to build a Forex trading robot , Alpari trading robot , Forex robot for Android , MetaTrader robot design , MetaTrader robot programming , Forex robot design , Forex robot programming , Automated trading
