Forex Extrem Channel MT4 Indicator

Forex Extrem Channel MT4 Indicator:

About the Forex Extrem Channel MT4 Indicator

Extrem Channel – indicator of the price movement channel. The channels are constructed on the basis of previous highs and lows, as well as levels of support and resistance. It is possible to display the channel built by the indicator on the higher timeframe. The indicator is very easy to use and gives a clear idea of the approximate boundaries of the future price movement. For example, if the price goes out of the channel, it may mean an early trend change. The indicator works on any currency pair and on any timeframe. From the input settings, you only need to select the channel color and period.

Test results:

Forex Extrem Channel MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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