P Channel Indicator
Platform: MT4 Type: Channel Last update: October 7, 2024The P Channel Indicator is a custom forex technical analysis tool that consists of three elements: the mid-line and the two channel lines.
When it comes to understanding the basic trading rules with this one, it is pretty straightforward. Simply look for buy opportunities when the price is above mid-line and look for sell opportunities when the price is below mid-line.
Example charts
Check charts of the P Channel Indicator in action.
