Adaptive Smart Bands is one of the best channel indicator in the market. It was developed to trade in trending markets. The development of this indicator was inspired by Richard Dennis's Turtle Trading Strategy. Richard Dennis borrowed $1,600 from his family and reportedly made $200 million in about ten years.

With default settings, Adaptive Smart Bands successfully helps in determining the direction of the trend and identify dynamic support & resistance. This indicator can also be used like bollinger bands to predict future breakouts.

Check out the Indicator in Action [VIDEO]: http://www.youtube.com/watch?v=2vG4u_f8cSM

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