The indicator marks control points on the price chart, overcoming which by the price is a signal to open a deal.
At the points marked by the indicator, the maximum or minimum price values go beyond the price channel built on the basis of price values for a longer period.
After overcoming such points, the price is likely to continue moving in the same direction.
The indicator does not redraw and, despite its simplicity, can be quite an effective trading tool.
Adjustable parameters:
- i_Period - smoothing period for forming the channel;
- i_Method - smoothing method for forming the channel;
- i_Shift - shift for forming channel.
