AFI Channel Surfer Indicator

AFI Channel Surfer Indicator

Determine potential buy/sell levels using the best auto price AFI Channel Surfer indicator developed for MT4 platforms.

The AFI Channel Surfer Indicator is an automatic price channel that identifies potential trendline support/resistance levels on MTF charts.

The price channel refers to a stock or commodity chart pattern comprising two parallel trend lines. Channels could appear in vertical, descending, or horizontal positions.

A trend is deemed broken, and a “breakout” occurs when prices cross and remain above a trendline representing support or resistance.

In this trading guide, you’ll learn how to trade forex and stocks using the AFI Channel Surfer Indicator in MT4.

How to Spot Profitable Trade Signals Using the AFI Channel Surfer Indicator for MT4

When a security’s price breaks either the higher or lower channel trendline, this is known as a breakout. Price channels are very helpful in identifying breakouts.

Once the price tests the top trendline of the price channel, traders can sell, and when it approaches the lower trendline, they can buy. Although, you must consider price action signals while deciding on trade entries.

The price rebounding from the channel support or resistance indicates a trend reversal. For instance, the price fails to exceed the trendline resistance after making a bullish run signals a bearish trend reversal condition of the market.

Furthermore, this indicator helps project the potential price targets during a trendy market. For example, if you buy at the channel support, you may exit the trade whenever the price hits the channel resistance.

Conclusion
The AFI Channel Surfer Indicator offers a great privilege for price action forex and stock traders who consider trendline support/resistance levels as a key while assessing potential buy-sell opportunities. Besides, it helps to determine bullish and bearish price breakouts and outline price retracements for day and intraday traders.