The VS Channel Trend V 1.0 Forex indicator for Metatrader 4 draws interesting channels and trend lines on the chart that act as support & resistance.
This versatile technical indicator can be used for channel trading, support & resistance price breakout trading, stop loss placement, take profit levels,.. and many more.
The indicator is very reliable, price action based, lightweight, and will not slow down your trading platform.
Free Download
Download the “VS_ChannelTrend_V1.0.mq4” indicator for MT4
Indicator Chart (EUR/USD M5)
The example chart below shows the VS Channel Trend V 1.0 mt4 indicator in action.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method when trading with the VS Channel Trend V 1.0 Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (first bar, delta bar), color settings & style
Indicator type: Channel
Does the indicator repaint? No.
Download Now
Download the “VS_ChannelTrend_V1.0.mq4” indicator for Metatrader 4
