PipFinite Channel Flow [Indicator Reviews]

PipFinite Channel Flow The following are some examples of

Channel breakouts are detected as Trend Signals and channel retracements, as Counter Trend Signals.

It is primarily used as an entry indicator. Work in any pair or timeframe.

• The trend is filtered using a channel-direction algorithm
• Plots dynamic resistance and support that serve as a base for short-term price patterns.
• Calculates four types of signals
  • Buy Trend Signal – Buy Signals in the direction of an upward channel
    • You can purchase with minimum confirmation
  • Sell Trend Signal “ST”– Sell Signals in the Direction of Downward Channel
    • You can buy with minimum confirmation
  • “BC Counter Trend Buy Signals” Buy signals against trend
    • Use of this indicator requires more confirmation before entering a trade. Expect a small profit or retracement
    • Sell Trend Signals when the trade is profitable as an alternative exit.
  • “SC”, Counter Trend Sell Signals– Sell signals against trend
    • Use of this indicator requires more confirmation before entering a trade. Expect a small profit or retracement
    • When trades are profitable, they can be used to exit the trade using Buy Trend Signals.
• Tool that can be used to improve trading systems in many different ways
• PipFinite Channel Flow Multiple signals
  • Many opportunities to start a business
  • Filtering out signals from other indicators is easy with this filter.
• Entry Point
  • Trading from a confirmed system
    • Using ST and BT signals for trading
  • Confirm the signals by confirming resistance/support levels
• Exit Strategy
  • The decision to exit will be at the discretion of each trader, according to their strategy
    • Support/Resistance Zones
    • Price action patterns can provide reversal signals
    • When trading is profitable, you can use SC and BC as exit signals.
  • You can also use Exit Scope to exit.
• Supporting Tool
  • Price action confirmation
  • Combine Strength meter to increase probabilities.
  • Combine Volume Critical to avoid false signals.
    • Buy signals should not be used if the Volume Critical is overbought
    • Sell signals should be avoided if volume critical is oversold
• Never repaint
• Never ever backpaint
• Never recalculate
• Signals only on “Close of bar”
• Compatible with Expert Advisor Development