script051

HOW-TO : use channel section - script051 indicators

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What's the hero indicator?
It's a cool tool that combines 9 different indicators.
Each of these indicators can help you gain a edge in the market, but they become super powerful when you combine them and create new strategies.
The goal of the hero indicator is to provide traders with ready-made strategies to use. And if they want, they can easily create different strategies based on their trading style.

The best way to use channels is to find the reversal points of the market.
When the price reaches the bottom of the channel and shows a suitable reaction to the lower band of the channel, you can start buying.
For more confirmation, you can wait for the color of the candle to change to an upward or wait for the formation of an engulfing pattern in the candle.
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And for selling mode, you can wait for the price reaction with the upper band of the channel.

The next use of this channel can be to find the type of trend.
You can identify the main and minor trends to some extent.

You can also enable/disable the indicator or change its color from the settings section.
Also, the length of the channel can be changed.
The hero channel indicator also supports alarms.

8 years of experience and effort accumulated in one indicator.
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