From Mladen Rakic:
As simple as it gets, channels based om high, low and ATR distances, Shows possible short term support / resistance or can be used as tp/sl in some trading systems
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
MT5 Channel type indicators
1- These users thanked the author mrtools for the post (total 5):
- Jimmy, newbie4ever, 太虚一毫, Krunal Gajjar, Chickenspicy