702# Analyzing the channel

Submit by Kym 28/08/2016

Analyzing the channel is a tool to analyze the market with SHI true channel.

The but of this tool is find the best opportunity in the market for trading.

This tool is trend following.

Time frame 15 min or higher.

Currency pairs: Any.

Metatrader indicators:

SHI true channel;

Commentator Dollar Trick;

100 DT core (periods 120).

Buy

Market conditions:

SHI Channel pointing upward;

Normal;

Up trend;

Probability High;

100 DT core yellow bar.

Sell

Market conditions:

SHI Channel pointing downward;

Normal;

Down trend;

Probability High;

100 DT core green bar.

Exit position

Place initial stop loss on the previous swing high/low.

Take profit discretionary depends by time frame.

In the pictures the tool in action.