Search metatrader indicators, expert advisors and scripts

Shi Channel

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: