Neighboring Channel Viewing Feature in EFW Analytics
EFW analytics can help you trade intelligently. What was thought as impossible in the past is possible now with EFW analytics. Among many features, EFW analytics provide the powerful feature like checking neighboring channels around peak and trough in just one button click.
Note that EFW analytics will scan all the possible channels from your chart. Then, with neighboring channel checking feature, it is possible to check the density of channels in particular area in your chart. The high density area provides you the great insight about potential reversal and breakout area for your trading.
For easy decision making, we provide the locking and unlocking feature in EFW analytics. Locking means that you can lock some channel or part of channel in your chart for future reference for your trading. Unlocking is the removal process of these locked channels from your chart because you do not need them any longer.
There are two ways of locking channels and part of channels. Firstly, you can lock channel by just click over “Lock” button in your chart. Secondly, you can lock channel by clicking over the line with your mouse. The difference between two methods is that first method only works when you have an individual channel in your chart. First method does not work while you are viewing multiple of neighboring channels around peak or trough. Instead, you can use second method for any cases. For example, when you are viewing multiple of neighboring channels around peak or trough, you can just click over any lines to lock them in your chart.
Then how to remove the locked channels or part of channels from your chart. It is simple. You can do it by just click over “Unlock” button. “Unlock” button will remove any locked lines by first and second locking method.
When you want to see only locked lines in your chart for your trading, just click over “Clear” button. “Clear” button will remove all the lines except the locked channels and lines. Please note that neighboring channel viewing feature is just one of many features from EFW analytics. There are many other features you can explorer for your trading in EFW analytics.
Below is the link to the EFW Analytics: