Equidistant Channel
(Equidistant Channel)
Channel (Equidistant Channel) represents two parallel trend lines that connect the extreme high and low closing prices. Market price jumps, outlines the peaks and valleys, forming a channel in the direction of the trend. Early identification of the channel can provide valuable information, including information about changing the direction of the trend, which allows to estimate the potential gain and loss. To build the tool, you must set the direction of the channel and its width.
