computerized Channel This indicator draws an automatic channel with parallel strains. automated development line, development channel, improve and resistance.
With this method, I use two other tools to filter Shi signals:
1. 200EMA to determine a trend 2. 3 semator indicator to define an overbought/oversold point.
And the idea to trade Shi-channel is:
– Buy only when price stays above 200EMA; sell only when price stays below 200EMA – Buy at oversold and Sell at overbought – Buy at lower Shi-channel border and sell at upper Shi-channel
When we have a signal a timeframe (Ex. H4), switch to a lower timeframe (Ex. H1) and enter when a 1-2-3 pattern appears.