Cap Channel Trading Indicator for MetaTrader 4 Download - [TradingFinder]

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  • Indicator for MetaTrader 4

  • Cap Channel Trading Indicator

  • Age 3+

  • level: intermidiate

  • English

Author's Instructions

The Cap Channel Trading Indicator is a tool based on the Triangular Moving Average (TMA). This MT4 Volatility indicator is designed for conditions where the market isranging, making it difficult for traders to identify trends.

The tool identifies suitable entry and exit points and determines uptrends or downtrends.The indicator consists of three lines.

The middle line represents theTriangular Moving Average (TMA). The other two lines are positioned at a specified distance above and below the middle line.