Lopez Channel 1.0

Metatrader (MT4/MT5) Indicator

  • Overview

    The Lopez Channel multi-timeframe indicator identifies the market's tendency to trade within a narrow price band. It should be used as a confirmation for trades being triggered in lower timeframes.

    • 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.

  • ? FAQ
    Does the indicator repaint?
    No, it does not repaint.
    How is the indicator calculated?
    The indicator is calculated using a three-day moving average of the last two true highs minus ATR to derive the lower channel and a three-day moving average of the last two true lows plus ATR to derive the lower channel.
    Does the indicator implement alerts?
    No, it does not.

Screenshots

Lopez Channel Indicator for Metatrader
Lopez Channel Indicator for Metatrader
Lopez Channel Indicator for Metatrader
Lopez Channel Indicator for Metatrader
Lopez Channel Indicator for Metatrader