Indicator VS ChanelTrend indicator is very useful because it directly plots the desired trend lines on the chart. After plotting, the indicator demonstrates the trend’s direction whether up or down. Such plot makes you aware of the support and resistance levels clearly By this way you can identify the strong support and resistance levels. You also have the capability to recheck the previous trend lines if you want a quick check-up by moving the yellow vertical.
How to Trade With Indicator VS ChanelTrend:
Buy Signal: Wait for price to bounce from the support line while the trend is up.
Sell Signal: Wait for price to bounce from the resistance line while the trend is down.
How to install VS ChanelTrend indicator for MetaTrader 4.mq4?
Download indicator for MetaTrader 4.mq4Copy VS ChanelTrend to Directory / experts / indicators /
Start or restart your Metatrader 4 Client
Select Chart and Timeframe where you want to test your mt4 indicator
Search “Custom Indicators” in your Navigator mostly left in your Metatrader 4 Client
Right click on VS ChanelTrend for MetaTrader 4.mq4
Attach to a chart
Modify settings or press ok
Indicator for MetaTrader 4.mq4 is available on your Chart
How to remove VS ChanelTrend Indicator for MetaTrader 4.mq4 from your Metatrader 4 Chart?
Select the Chart where is the Indicator running in your Metatrader 4 ClientRight click into the Chart
“Indicators list”
Select the Indicator and delete
Related Indicator: FX5 Divergence MetaTrader 4 Forex Indicator
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