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Price Channels (PC)
Price channels (PC) is technical analysis indicator which forms two boundaries and between them prices are oscillating.
Price channels indicator is calculated by formula:
Price channels are based on exponential moving average. For upper and lower percent added to moving average in order to create channel lines is usually used value of 6. For EMA period is usually used value of 21.
Price Channels (PC)
Interpretation
Buying and selling signal could be created at breakouts. When price breaks upper/lower line, new high/low is reached. When price breaks upper channel line it means that price reached new high and could be begin of new uptrend.
Example
Open chart for google with price channels indicator.