Equidistant Price Channel Indicator for mt4
The Equidistant Price Channel Indicator is a technical indicator that helps predict future price movements. It was developed by Jens Weidmann, the president of the German Bundesbank, in 1992.
Basically, it works by measuring the distance between two moving averages and using that information to calculate which direction the market is likely to move next.
The indicator is used to identify periods of over – or undervaluation in a market, and can be used to make predictions about future prices. It’s usually used in combination with other indicators, like the Relative Strength Index (RSI) and the MACD.
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How to use Equidistant Price Channel Indicator?
The Equidistant Price Channel Indicator is a technical indicator that helps traders predict the direction of the market. It uses two moving averages to indicate how far prices have moved from their equilibrium point.
As long as the EPCI is in a buying zone, this indicates that investors are optimistic about the future and are willing to pay more for assets. When the EPCI moves into a selling zone, this suggests that investors are pessimistic about the future and are selling off assets at lower prices.
The idea behind equidistant channels is that markets will tend to move in a relatively straight line over time. This means that you can use price patterns to predict where the market is likely to go next.
To use equidistant channels, you first need to identify a trendline (usually drawn on a chart using trendlines software). You then need to find two points on the trendline that are equally distant from each other. From here, you can plot the current price along the x-axis and the expected price along the y-axis. The distance between these two points will tell you how much volatility there is in the market at this moment.
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Conclusion
The Equidistant Price Channel Indicator is a technical indicator that can be used to help predict future price movements. It’s usually used in combination with other indicators, like the RSI and MACD, to give traders more detailed information about the current state of a market.
