Vegas Double Channel

The indicator utilizes the 144 and 169 channels as the minor level, and the 576 and 676 channels as the major level. The EMA12 serves as a filter.

Translation for the complete definition of the “Vegas Double Channel” indicator:

The “Vegas Double Channel” indicator is designed to analyze market trends and identify potential trading opportunities. It employs the following parameters:

Minor Level: The indicator considers the 144 and 169 channels as the minor level, which are used to identify short-term market movements.
Major Level: The 576 and 676 channels are classified as the major level, indicating longer-term market trends.
Filter: The EMA12 (Exponential Moving Average with a period of 12) acts as a filter to smooth out short-term noise and provide a clearer picture of the overall market trend.