Lopez Channel 1.0

Metatrader (MT4/MT5) Indicator

"In investing, what is comfortable is rarely profitable."
- Robert Arnott
The Lopez Channel multi-timeframe indicator identifies the market's tendency to trade within a narrow price band.
  • It is easy to understand
  • Finds overbought and oversold situations
  • Draws at bar opening and does not repaint
  • The calculation timeframe is customizable
  • The red line is the overbought price
  • The green line is the oversold price
It has straightforward trading implications.
  • Look for buying opportunities when the market is oversold
  • Look for selling opportunities when the market is overbought
Boost your trading returns with the cleanest price channel indicator available, just like hundreds of users have already done.

Screenshots

Frequently Asked Questions
Does the indicator repaint?
How is the indicator calculated?
Does the indicator implement alerts?