Technical Indicators for MetaTrader 4

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MetaTrader 4

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Trend Canal

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Indicators
MetaTrader 4
Vitalii Zakharuk
1.1
5

Overview

The key difference between the Trend Canal indicator and other channel indicators (for example, from the Bollinger indicator) is that Trend Canal takes into account not simple moving averages, but twice smoothed ones, which allows one to more clearly determine the market movement, and on the other hand makes the indicator less sensitive. Trend Canal is a non-redraw channel indicator based on moving averages.

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