Draw equidistant channel | FXON™

Draw equidistant channel

EA, indicators & objects (Mobile & tablet)

EA, indicators & objects (Mobile & tablet)

Draw equidistant channel

This article was :

published

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Here we'll look over the steps on how to display the equidistant channel on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. Equidistant channel is an object that lets you visually grasp the range of price movements in a trending market with two parallel lines. The second line parallel to the trendline is called the channel line. Draw the trendline first, then adjust the channel line accordingly. It helps you identify the dip and rally as well as to read the trend.

mt4

mt5

iPhone
Scroll horizontally to see moreSwipe horizontally to see more

Step 1

Tap "Chart" on the bottom navigation bar.

Step 1

Step 2

Tap the "Objects" icon at the top.

Step 2

Step 3

Tap "Add Object".

Step 3

Step 4

Tap "Equidistant Channel".

Step 4

Step 5

Tap at the starting point and drag to the end point.

Step 5

Step 6

To fix the equidistant channel, tap on the line to hide the dots.

Step 6

Android
Scroll horizontally to see moreSwipe horizontally to see more

Step 1

Tap "Chart" on the bottom navigation bar.

Step 1

Step 2

Tap on the chart.

Step 2

Step 3

Tap the "Objects" icon.

Step 3

Step 4

Tap "+" in the top right corner.

Step 4

Step 5

Tap "Equidistant Channel".

Step 4

Step 6

Tap the starting point of the equidistant channel and drag to the endpoint.

Step 5

Step 7

To fix the equidistant channel, tap either of the two lines to hide black dots.

Step 6

iPad
Scroll horizontally to see moreSwipe horizontally to see more

Step 1

Tap the "Objects" icon on the left.

Step 1

Step 2

Tap "Add Object".

Step 2

Step 3

Tap "Equidistant Channel".

Step 3

Step 4

Tap the starting point of the equidistant channel and drag to the endpoint.

Step 4

Step 5

To fix the equidistant channel, tap either of the two lines to hide red dots.

Step 5

Android tablet
Scroll horizontally to see moreSwipe horizontally to see more

Step 1

Tap on the chart.

Step 1

Step 2

Tap the "Objects" icon.

Step 2

Step 3

The list of objects on the chart will be displayed. Tap "+" in the top right corner.

Step 3

Step 4

Tap "Equidistant Channel".

Step 3

Step 5

Tap the starting point of the equidistant channel and drag to the endpoint.

Step 4

Step 6

To fix the equidistant channel, tap either of the two lines to hide black dots.

Step 5

iPhone
Scroll horizontally to see moreSwipe horizontally to see more

Step 1

Tap "Chart" on the bottom navigation bar.

Step 1

Step 2

Tap the "Objects" icon at the top.

Step 2

Step 3

Tap "Add Object".

Step 3

Step 4

Tap "Equidistant Channel".

Step 4

Step 5

Tap at the starting point and drag to the end point.

Step 5

Step 6

In the menu that appears after swiping, you can also change the line's color, thickness, and style.

Step 6

Step 7

To fix the equidistant channel, tap on the line to hide the dots.

Step 7

Android
Scroll horizontally to see moreSwipe horizontally to see more

Step 1

Tap "Charts" on the bottom navigation bar.

Step 1

Step 2

Tap on the chart.

Step 2

Step 3

Tap the "Objects" icon.

Step 3

Step 4

Tap the "+" icon at the top.

Step 4

Step 5

Tap "Equidistant Channel".

Step 5

Step 6

Tap the starting point of the equidistant channel and drag to the endpoint.

Step 6

Step 7

To fix the equidistant channel, double-tap either of the two lines to hide black dots.

Step 7

iPad
Scroll horizontally to see moreSwipe horizontally to see more

Step 1

Tap the "Objects" icon on the left.

Step 1

Step 2

Tap "Add Object".

Step 2

Step 3

Tap "Equidistant Channel".

Step 3

Step 4

Tap the starting point of the equidistant channel and drag to the endpoint.

Step 4

Step 5

In the menu that appears after swiping, you can also change the line's color, thickness, and style.

Step 5

Step 6

To fix the equidistant channel, tap either of the two lines to hide red dots.

Step 6

Android tablet
Scroll horizontally to see moreSwipe horizontally to see more

Step 1

Tap on the chart.

Step 1

Step 2

Tap the "Objects" icon.

Step 2

Step 3

Tap the "+" icon at the top.

Step 3

Step 4

Tap "Equidistant Channel".

Step 4

Step 5

Tap the starting point of the equidistant channel and drag to the endpoint.

Step 5

Step 6

To fix the equidistant channel, double-tap either of the two lines to hide black dots.

Step 6

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