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SHI Channel is an indicator of technical analysis that uses and displays Barishpolts’ channels on a given schedule. This indicator draws a line between the closest time fractal and subsequent on the graph. In the opposite side of the line is drawn a parallel line. Between the two lines shall be a third.
In Forex trading a strategy could be to wait for a reversal pattern the the price touch one of the extreme lines
See Shi Channel in action in the chart below:
Download: Downalod SHI Channel Indicator