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Raff Channel indicator for MT4 draws a chart with the midline representing the first-order regression. The upper and lower lines act as support and resistance.
Any price movement beyond the channel or at channel lines is a sign of a reversal. Channel extremes are the best entry points to a BUY/SELL trade. But, a sustained breakout indicates a market trend reversal.
This indicator is easy to use and can be traded by both novice and experienced traders. It works on all intraday timeframes and daily, weekly and monthly charts. However, it may also be used to trade multi-timeframe forex trading strategies (mtf).
Raff Channel Mt4 Indicator Signals
Conclusion
The Raff Channel indicator for MT4 can be used as a standalone trend-trading indicator. The best entry points are at extremes, so it only provides few trades that are successful and efficient. Traders can use additional indicators to confirm the BULLISH/BEARISH trend over higher time frames. You can also download the indicator for free and install it easily.
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