Cuban's Quick Action Channel

Cuban's Quick Action Channel

Cuban's Quick Action Channel, is an indicator designed to predict likely areas of price reversion, using a tighter channel mechanism with a lower time preference in comparison to Cuban's Reversion Bands.

It has been developed through extensive research and development over the last two years and has evolved into a tool that can also identify momentum across multiple timeframes using a two-tier coloring system based on a combination of proprietary signals.

With multiple color granularity settings, this coloring can be expanded for use as a background coloring system if you wish to use it in tandem with your own channel system.

The indicator utilizes unique band logic that is highly customizable to fit your use. When price moves beyond the boundaries of the channel, it has been frequently observed to correlate with liquidations and forced buying or selling.

The band logic uses a combination of pivot points, volatility metrics, and previous periods of price over-extension.

The EQ of the channel line is calculated by using the mid of the inner most channels, this EQ can be used as confluence for determining the trend direction of lower time preference price action.

Within the user inputs, the user gains the ability to customize:

• channel width
  
• channel sensitivity
  
• volatility lookback
  
• pivot points source
  
• and coloring settings
  
  To-do for future updates:
  
• add alerts
  
• add tooltips to each user input
  

An example of the background coloring:

Versionsinformation:

• added alerts for channel boundaries
  

Versionsinformation:

• added alert source
  

Versionsinformation:

• changed input order
  

Versionsinformation:

• added midline coloring