- Provides trend channel (best value for period is 40 on 5 minute timeframe
- Provides BUY/SELL entries based on current channel
- Provides custom color for channel
Risks: Please note, this script is the likes of and poses a risk of falling in a trend range.
Entries may keep running on the same direction while the market is moving.
- Added alerts for BUY/SELL/GENERAL (both cases)
- Added previous entries using Look Back
I'm happy to discuss with you on Telegram @TuanDoanMM
Yes, you're right.
The channel will be updated based on current price.
This indicator only provides possible entry point for reversal.
It's not 100% correct.
Please use it with other confirmations before you enter a trade.
Thank you for using the Channel.
Of course you can.
But please test it on demo account.
Thank you bro. Please add me on Telegram so we can discuss more. :D