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As you select A to B, the program will draw a Least Square Line 'C' and the 2
channel line using the Number of Standard Deviations defined in the
Least Square Channel window. In this window you can also choose the color
and thickness for the lines as well as the base for the calculation of the Least Square
Line.
If you right click on the main line (C) a menu will appear with the
options to delete, edit or set an alarm for the channel.
The 3 possible alarms are.
1. Set the alarm to none.
2. Set it to go off on a bar that closes past the top or bottom
channel lines.
3. Set it to go off on a bar that crosses the top or bottom
channel lines.
Once the alarm is initiated it will be set to NONE automatically
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When using the option AUTO o\from the 'Based on' menu the program will
use the highs on a up trend center line and the low on a down trend center
line.
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Trading any market carries a high level of risk, and may not be suitable for
all investors. The high degree of leverage can work against you as well as
for you. Before deciding to invest you should carefully consider your
investment objectives, level of experience, and risk appetite. The
possibility exists that you could sustain a loss of some or all of your
initial investment and therefore you should not invest money that you cannot
afford to lose. You should be aware of all the risks associated with
trading, and seek advice from an independent financial advisor if you have
any doubts.
* The Views and opinions represented in the provided website
links and resources are not controlled by the introducer or the FCM.
Further, the introducer and the FCM are not responsible for their
availability, content, or delivery of services.
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