This script draws parallel channels using pivot points for trend analysis.
Script draws maximum 4 parallel channels if suitable up or down trend already exists on the chart according to chosen Pivot Length and Multiplier.
You can change Multiplier to draw Higher Time Frame Channels.
Good luck!
Script draws maximum 4 parallel channels if suitable up or down trend already exists on the chart according to chosen Pivot Length and Multiplier.
You can change Multiplier to draw Higher Time Frame Channels.
Good luck!
Versionsinformation:
- Added channel scaling according to threshold.
Versionsinformation:
- Minor bug fixed
Versionsinformation:
- Chart Updated
Versionsinformation:
- Alert conditions added
- Trend directions added