185# Barishpoltz Channel
Barishpoltz Channel with CHT Value Chart
Submit by Romy 01/04/2016
Barishpoltz Channel is a trading strategy with two great tools for trading in sideways market: Barishplzt Cannel and Vaue CHT Chart indicator.
Time frame 5 min or higher.
Financial Market any.
Barishpoltz Fractal Channel
CHT Value Chart: reference:”The CHT_Value_Chart program is free software: you can redistribute
* it and/or modify it under the terms of the GNU General Public License as
* published by the Free Software Foundation, either version 3 of the License, or
* (at your option) any later version.
* CHT_Value_Chart is distributed in the hope that it will be useful, but WITHOUT ANY
* WARRANTY; without even the implied warranty of MERCHANTABILITY or FITNESS FOR
* A PARTICULAR PURPOSE. See the GNU General Public License for more details.
* You should have received a copy of the GNU General Public License
* along with CHT_Value_Chart. If not, see <http://www.gnu.org/licenses/>.
* FILE: CHT_Value_Chart_v2.5.mq4
* VERSION: 2.5
* AUTHOR: Thierry Chappuis <firstname.lastname@example.org>
MT4 Custom indicator that aims at calculating and displaying a value chart.
Expiry time with binary options high/low 1 or 2 candles.
Trading rules Barishpoltz Channel
Find the sideways market with Barishpoltz Channel and Barishpoltz Fractal Channel.
a market is in lateral phase when the channels are parallel.
In sideways market CHT value chart touches (aggressive) or close below ( conservative) oversold asymmetric green line, buy at open of the next bar.
In sideways market CHT value chart touches (aggressive) or close above ( conservative) overbougth asymetric red line, buy at open of the next bar.
I prefer to use the conservative approach because it has a higher profitability.
The key of this strategy is the sideways market.
In the pictures Barishpoltz Channel in action.