Price Channel Signal Alerts Indicator
Platform: MT4 Type: Channel Last update: September 23, 2024The Price Channel Signal Alerts Indicator for MT4 consists of two elements. The first element is big blue and red dots that define the direction of current movement. The second element is buy/sell arrows called “re-entry”. These arrows work as trade entry points. The best results with the Price Channel Signal Alerts Indicator are achieved during strong market movements.
Example trade with the Price Channel Signal Alerts Indicator
Below is the screenshot of an example trade with the Price Channel Signal Alerts Indicator.
As you can see, the potential downward movement was signalized by a big red dot. Then one should wait for re-entry arrows, which in this case, actually occurred four times. The best entry point is at the first re-entry candle. Trade exit should happen at the arrival of big blue dot.