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Forex Indicator “DynamicsRS_Channel”

This indicator belongs to the series of easy indicators without averaging. It is designed in the form of a channel with a settled width.

The point of the indicator is also quite understandable from the code. Instead of the period analysis there is a settled channel on both sides from the indicator’s line added. Initially the period was also analyzed, but the tests have shown that formation of the indicator’s values is mainly made exactly on the boundaries of the channel.

At first it would be good to know the older timeframe’s (TF) current trend. It is more convenient to use the indicator at low TF with little purpose. For example, the channel of 8 points works well for TF M5. One should open at correction at one point higher than the main line of the indicator (to Sell) and at one point lower (to Buy) with a purpose of about 10 points, or at the point outside the channel. It is better to work pending orders, as small TF is applied. Otherwise, it is not always possible 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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