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Forex Indicator “DynamicRS_Channel”

This indicator belongs to the simple indicators that do not contain any averaging. It is designed in the form of a channel with a settled width.

It is easy to understand the essence of the indicator from its code. Instead of doing the analysis of the period, a set channel on two sides of the indicator was added. Originally the period was also analyzed, but during the experiments it has been shown that the formation of the indicator reading is mainly generated exactly on the boundaries of the channel.

Before using the indicator it is recommended to know the trend of the senior timeframe. It is most suitable to apply the indicator at low timeframes with little purpose. For example, for M5 timeframe the 8 points channel works well. The opening should be done at the correction that is 1 point higher than the indicator’s main line (Sell) or 1 point lower (Buy). It is recommended to operate with pending orders in order to keep up.

 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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