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Trend Channel

The Trend Channel indicator for NinjaTrader is a proprietary measure of price. This indicator is useful for both trend and counter-trend trading because the indicator will show you when price has stretched beyond its means, or when price is at an acceptable average level.

The middle line represents the average price over a certain period of time (like a simple moving average). The colored bands are a fixed offset, which extend at the same distance to the average price. This offset will help you identify when the market is trending in one or the other direction, and help you quickly identify when market is trending, or when the market is just making noise. The offset fully customizable on an individual preference to accommodate trading in any market and/or market conditions.

Categories
Single Indicators
Asset Class
FuturesForex
Analysis Method
Trend/Counter-Trend

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