Volty Channel Stop Loss - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Real author:
The Volty Channel Stop Loss indicator uses ATR and Moving Average indicators to calculate support/resistance lines.
The advice used in trading is standard. If the price is above the line, buy, if the price is below the line, sell.
The takeaway is a signal of trend reversal. This indicator can become a good replacement for the standard Parabolic SAR indicator in your trading system.
Attachment download
📎 volty_channel_stop.mq5 (9.13 KB)
Source: MQL5 #1497
Volty Channel Stop Loss - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Volty channel stop loss - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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