The AFI Channel Surfer Indicator is an automatic price channel that identifies potential trendline support/resistance levels on MTF charts.
The price channel refers to a stock or commodity chart pattern comprising two parallel trend lines. Channels could appear in vertical, descending, or horizontal positions.
A trend is deemed broken, and a “breakout” occurs when prices cross and remain above a trendline representing support or resistance.
In this trading guide, you’ll learn how to trade forex and stocks using the AFI Channel Surfer Indicator in MT4.
The price channel refers to a stock or commodity chart pattern comprising two parallel trend lines. Channels could appear in vertical, descending, or horizontal positions.
A trend is deemed broken, and a “breakout” occurs when prices cross and remain above a trendline representing support or resistance.
In this trading guide, you’ll learn how to trade forex and stocks using the AFI Channel Surfer Indicator in MT4.