1vs Channel Indicator

1vs Channel Indicator

Forex BUY and SELL signals from the best The 1vs Channel Indicator. Counts number of up and down bars. Accurate trend detector
The 1vs Channel Indicator is a simple MT4 indicator that counts the number of up and down bars to present the current market direction. Indicator plots multiple lines on the chart. These lines create a channel around the price. Indicator counts the number of bars inside the channel to depict BUY and SELL signals.

The Indicator also has FirstBar and DeltaBar. These bars represent the up and down bars. The indicator shows the number of up and down bars within the channel on the right side. The 1vs Channel Indicator works best on longer timeframes, as on shorter timeframes it can be prone to false signals. Also, forex traders can apply other indicators along with the Indicator for further signal confirmation.

1vs Channel Indicator BUY/SELL signals

The above GBP/USD H4 chart shows Indicator on the chart. Indicator mentions the BUY and SELL signals according to the up and down bars.

If the indicator is telling more number of up bars, it’s a bullish trend. Conversely, if the Indicator is showing more number of down bars, it’s a bearish trend.

Conclusion
The 1vs Channel Indicator for MT4 creates a channel to find the up and down bars. Also, Indicator is free to download, making it easily accessible for all forex traders.