cap channel indicator for MetaTrader4 (MT4) – free download
In this section you can download cap channel indicator for MetaTrader4 (mt4):
cap channel indicator -> up to speed:
- The CAP channel trading indicator is used for channel trading, which is an envelope strategy where the price generally falls within a channel bounded by an upper and lower line.
- The indicator is volatility sensitive, meaning that it assesses the day-to-day price differences of an instrument to determine the demand and supply areas.
- You can use the indicator to trade any currency pair or instrument, and it works perfectly for long-term or short-term trading strategies on the 15 minute or higher timeframes.
- To open a buy signal: wait for the price to find support at the lower band; buy when a red cross appears; consider entering at close of bullish candle/candlestick pattern; place stop loss below recent swing low; exit when price reaches upper band or blue cross appears.
- To open a sell signal: wait for resistance at upper band; sell when blue cross indicates market reversal; place stop loss above recent swing highl exit when price touches lower channel line or red cross appears.