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Originally Posted by newdigital
No.
As I understand Igorad used very different logic, added sound alert and re-enter option (because we have re-enter on every asctrend system).
He asked me about the name by PM but I said that PriceChannel signal may be fine. Anyway this indicator has nothing with any price channel.
It is some new modification of asctrend with different logic.
I did not test it with the price. Just attached to H4/D1 chart to see about re-enter.
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Because dots appears when the bar close in the other side of middle channel line of donchian
Set dailies, choose Price/Donchian channel with 14 and this indicator to 14 too and you´ll see.
It´s an oldie counter trend strategy which tries to win some time before channel breakout