Forex Trend Canal MT4 Indicator

Forex Trend Canal MT4 Indicator:

About the Forex Trend Canal MT4 Indicator

The key difference between the Trend Canal indicator and other channel indicators (for example, from the Bollinger indicator) is that Trend Canal takes into account not simple moving averages, but twice smoothed ones, which allows one to more clearly determine the market movement, and on the other hand makes the indicator less sensitive. Trend Canal is a non-redraw channel indicator based on moving averages.

Test results:

Forex Trend Canal 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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