So how to use this very easy system we have two system the first is based on ATR resistance and support and the other based on % channel based on donchian channel The black line is the price line The red lines are % line of the donchian channel (here it set to 2 and 3 % (you can set it any number you want ) this lines are the low end Theblue d lines are % line of the donchian channel (here it set to 2 and 3 % (you can set it any number you want ),this lines are upper end
you look at the resistance and the support of the ATR and on the % channel lets say you decide to go long -best if it in lower end of your % channel you can either set alert if price crossup the lower % line that you set and you can make take profit if it reach the target level by % of the line of your choice oposite you do in shorting using the build in alert in TV you can make your trade more easy setting the target in more logical way