This is a custom indicator called Price Channel PRO mt5 developed by the Forex Robot Easy Team. It is designed to track price dynamics and draw price channel levels on a chart. The indicator does not redraw, providing reliable and accurate information.
- Tracks price dynamics in relation to the intraday range.
- Calculates upper and lower price channel levels.
- Plots the price channel levels on the chart.
To use this indicator, follow these steps:
- Download the indicator file.
- Open the MetaTrader 5 platform.
- Click on 'File' in the top menu and select 'Open Data Folder'.
- Open the 'MQL5' folder and then the 'Indicators' folder.
- Copy the downloaded indicator file into the 'Indicators' folder.
- Restart MetaTrader 5.
- The indicator will now be available in the Navigator window under 'Indicators'.
- Drag and drop the Price Channel PRO mt5 indicator onto the chart.
- The indicator will automatically calculate and plot the price channel levels on the chart.
- The upper and lower levels will be displayed as trend lines.
Price Channel PRO mt5 is a reliable and non-redrawing indicator developed by the Forex Robot Easy Team. It tracks price dynamics and provides accurate price channel levels on the chart. This indicator is suitable for both beginner and experienced traders who want to identify and trade within price channels.
The Price Channel PRO mt5 indicator calculates the upper and lower levels of the price channel based on the intraday range. It analyzes historical price data to determine the highest and lowest price levels within a specified period. These levels are then plotted on the chart as trend lines.
This indicator can be used with any currency pair and time frame. It helps traders identify potential support and resistance levels and determine entry and exit points. By following the price channel levels, traders can make informed trading decisions and improve their profitability.
Please note that Forex Robot Easy is not the official developer of this product. We only provide sample code that can work as described in this product. To find the official developer and obtain more information about this indicator, please visit the official website.
For detailed reviews and trading results of this product, please visit our website at forexroboteasy.com.