Pretty good indicator ZZ Channel Color, which helps the trader to determine the maximum or the minimum price to trade, buy or sell any currency pairs and metals (GOLD - SILVER).
The indicator shows the channel between the price movement trend lines that are programmed for the maximum and minimum.
This approach makes it easy to analyze the dynamics of movement of the channel in real time in the short and long term.
Purchase of currency occurs when there is a blue line from the top (High) and below the blue line (Low), the signal to buy the currency.
Sale of currency occurs when there is a red line from the top (High) and the red line below (Low), a signal to sell the currency.
Automatic generation of the channel using the indicator ZZ_Channel_Color, will save a lot of time and achieve good results in their work.
The display settings are added to the channel trend lines, which can be customized at will: the averaging period, the channel width, offset channel trend lines and line shift of color shading.
This indicator ZZ_Channel_Color is pretty good and can be used in almost any of your forex strategy.
Indicator ZZ_Line_Color works similarly to the indicator ZZ_Channel_Color only closing prices.
The display supports all currency pairs. Trading Platform Meta Trader 4. Working Time Frame M1, M5, M15, M30, H1, H4, D1, W1, MN1.