The future day channel

Currency pair: EURUSD.

Period: H1.

Indicator The future day channel builds diagonal lines of support and resistance for the future of the trading period of 24 hours. Thus, we get the prospective corridor, which goes the price. diagonals calculation happens once in 24 hours. These diagonals are constructed on the basis of the history using the strict mathematical formulas. Since these lines the local trend reversals occur, it is obvious that their application to identify the entry point or exit the market.

IMPORTANT: The indicator only works on timeframe H1.

The indicator is not redrawn.

• When calculating the diagonals set in StartHour field.


• Number of days in the history given by HistoryDay field.


• fRS1 - show / hide the line of resistance / support Channel R1 / Channel S1.


• fRS2 - show / hide the line of resistance / support Channel R2 / Channel S2.


• fRS3 - show / hide the line of resistance / support Channel R3 / Channel S3.


• fRSMiddle - show / hide the intermediate line of resistance / support.