Forex Trend Channel Generator MT4 Indicator

Forex Trend Channel Generator MT4 Indicator:

About the Forex Trend Channel Generator MT4 Indicator

The key difference between the Trend Channel Generator indicator and other channel indicators is that the Trend Channel Generator takes into account not simple moving averages, but twice smoothed ones, which, on the one hand, makes it possible to more clearly determine the market movement, and on the other hand, makes the indicator less sensitive. Trend Channel Generator is a non-redrawing channel indicator based on moving averages.

Test results:

Forex Trend Channel Generator 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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