Channel on Parabolic Indicator
Platform: MT5 Type: Channel Last update: September 24, 2024The Channel on Parabolic Indicator for MT5 combines a price channel and Parabolic Sar indicator into one trading tool.
Granted that the price constantly moves within channel bands, a trader should look for buy trade opportunities when the price hits red bands and the entry is confirmed with Parabolic Sar dots to switch location from above the candles to below the candles.
Conversely, a trader should look for sell trade opportunities when the price hits green bands and the entry is confirmed with Parabolic Sar dots to switch location from below the candles to above the candles.
