Price Channel Indicator – FX Replay Guide

The Price Channel Indicator on FX Replay is a simple but powerful way to visualize trend boundaries and spot breakouts. It plots the highest high and lowest low over a selected period (usually 20 candles), creating a visual channel that updates dynamically.

How to Use It in FX Replay

Visualize Market Structure:

• The upper channel shows resistance
• The lower channel shows support

Spot Breakouts Easily:

• Price breaks above the top of the channel → may signal a new uptrend
• Price breaks below the bottom of the channel → could signal a new downtrend

Use It for Trade Planning:

• Enter breakouts or reversals with confluence
• Set stop-losses just outside the channel
• Set targets within or just beyond the opposite band

Best Practice

• Combine with RSI or another momentum indicator to confirm overbought/oversold pullbacks
• Consider the timeframe you're analyzing:
  • Shorter timeframes → catch quick setups
  • Longer timeframes → capture major trend shifts