PriceChannel Predictor Pro™ is designed for serious traders who need more than traditional indicators. It provides a competitive edge in today's markets by combining established technical analysis methods with forward-looking price projections. Past performance is not indicative of future results. Use this indicator as part of a comprehensive trading strategy, not as a standalone system.
Key Features
- Advanced Price Prediction Algorithm: Projects price movements up to 20 bars into the future
- Multi-Indicator Analysis: Combines Price Channels, EMAs, RSI, and proprietary calculations
- Adaptive Trend Recognition: Automatically identifies and adapts to changing market conditions
- Real-Time Accuracy Metrics: Shows prediction accuracy based on historical performance
- Smart RSI Visualization: Displays RSI data directly on the price chart for more straightforward correlation
- Price Position Analysis: Identifies where the current price stands relative to key levels
- Visual Alerts: Color-coded prediction indicators show bullish, bearish, or neutral bias
Core Parameters
- Channel Period (Default: 34): Controls the sensitivity of the price channel calculation. Lower values create more responsive but potentially noisier channels.
- Deviation (Default: 2.0): Multiplier for standard deviation in channel width calculation. Higher values create wider channels.
- Prediction Bars (Default: 3): Number of future bars to predict. Increase for longer-term projections (max 20).
- Prediction Strength (Default: 1.0): Adjusts the intensity of predicted price movements. Higher values amplify projected moves.
Indicator Parameters
- Fast EMA Period (Default: 89): Period for the faster exponential moving average
- Medium EMA Period (Default: 200): Period for the slower exponential moving average
- RSI Period (Default: 14): Period for Relative Strength Index calculation
- RSI Upper Level (Default: 70): Threshold for overbought conditions
- RSI Lower Level (Default: 30): Threshold for oversold conditions
- Show Additional Info (Default: On): Displays detailed analysis information on the chart
Interpreting Signals
The guide below will help you understand bullish, bearish, and neutral signals in order to interpret these indicators' trading signals.
Bullish Signals
- Prediction line sloping upward
- Green prediction info box
- RSI moving from oversold toward median
- Price near or below the lower channel band
- Fast EMA crossing above Medium EMA
Bearish Signals
- Prediction line sloping downward
- Red prediction info box
- RSI moving from overbought toward median
- Price near or above the upper channel band
- Fast EMA crossing below Medium EMA
Neutral Signals
- Flat prediction line
- Yellow prediction info box
- RSI in mid-range (30-70)
- Price within channel bands near the middle
Best Practices
- Multiple Timeframes: Compare predictions across different timeframes for confirmation
- Prediction Length: Shorter prediction periods (3-5 bars) typically have higher accuracy
- Trending vs. Ranging Markets: The indicator performs best in trending markets.
- Complementary Tools: Use with support/resistance levels and candlestick patterns
- Parameter Optimization: Adjust Channel Period and Deviation to match the volatility of your instrument
- Accuracy Monitoring: Pay attention to the accuracy percentage; higher values indicate more reliable predictions
Advanced Tips
In strongly trending markets, increase the Prediction Strength for more pronounced signals. When the RSI shows extreme readings, predictions may anticipate reversals. Watch for divergence between the prediction line and actual price movement, which can signal upcoming trend changes. Use more extended Channel Periods for higher timeframes (H4, Daily) and shorter periods for intraday trading.
How To Install & Remove
First, make sure you have the cTrader trading platform installed. Then, unzip the file and double-click it to install it automatically.
Any Questions?
If you have any questions, please first search our product help forum for the answer; if you cannot find it, post a new question.
Need a Broker
If you are still looking for a trustworthy broker, look at our best cTrader broker site.
