If you're looking for a straightforward tool to enhance your trading game, look no further than the Limit Channels indicator. This nifty feature utilizes high, low, and ATR distances to identify potential short-term support and resistance levels. Whether you're setting take profit (TP) or stop loss (SL) points, this indicator can be a real game-changer.
Recommendations:
- This indicator isn’t designed to provide direct trading signals.
- Instead, use it to gauge trends and estimate support and resistance, or as mentioned, for setting your TP and SL levels.
Happy trading!
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