As traders, we know that the market has a way of speeding up and slowing down, making it tricky to pinpoint those all-important support and resistance levels. Drawing straight lines can feel more like guesswork than strategy.
That’s where the Price Channel Indicator comes in handy. This tool effectively outlines the price channel, with its upper and lower boundaries defined by the highest and lowest prices over a set period. It’s a fantastic way to visualize market trends and make informed trading decisions.
Price Channel Indicator
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