Flat indicator.

Most traders consider the flat market unsuitable for trading on the forex market, but it's precisely at this moment that a guaranteed profit can be made. Trading can be done manually or using a special indicator.

The flat indicator is a type of channel indicator that captures flat market lows and highs and plots price levels based on them.

Once installed, the indicator plots several levels of different colors, which are designed to characterize the situation on different time frames.

Download the flat indicator

. Its convenience lies in the fact that in addition to the level line itself, a window with a digital value appears on the currency pair chart.

There are quite a few levels, each highlighting its own channel over a specific time period.

The visual display can be adjusted both in the tool's settings and by changing the scale of the currency pair .

If you're not satisfied with the Flat Indicator's performance, you can change the following settings:

StartHour and StartMinute - set the initial time for the tool. The default values ​​are 0 and 15, meaning that M15 and shorter timeframes are used for calculations.

EndHour and EndMinute - specify the time period limit for data retrieval.

TargetLevel - the numerical Fibonacci value that will be used in the indicator's operation.

Next come the color display settings for the levels.

When using the tool, try to align the above settings with your timeframe ; this will improve ease of use and, consequently, its effectiveness.