An indicator that implements the breakout system utilizing the indicator channel
When the value comes out of the grey channel, the candle turns right into a shade comparable to the path of the pattern. Inexperienced is the expansion of a monetary asset, pink is its fall. Vibrant colours correspond to the coincidence of the path of the candle and the pattern, whereas the darkish ones correspond to the scenario when the path of the candle is reverse to the pattern.
When working with this indicator, one ought to take into consideration the truth that the preliminary ZigZag, on the vertices of which the channel is constructed, is redrawn.