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Re: Bollinger Band type indicators for MT4

#853
From Mladen Rakic::

Limit Channels

As simple as it gets, channels based on High, Low and ATR distances, Shows possible short term support / resistance or can be used as tp/sl in some trading systems

Limit Channel indicator for MT4.png

Limit Channel indicator for MT4 2.png

Recommendations:

  • in this form it is not meant to be used signals
  • instead it should be used for trends, support, resistance estimation, or, as told above, for TP or SL settings
Limit channels.mq4
(10.11 KiB) Downloaded 178 times




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