TradingView
livetrend
28 aug 2022 13:14

Pivot Parallel Channel by [livetrend] 

EURO / U.S. DOLLARICE

Beskrivning

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!

Versionsinformation

  • Added channel scaling according to threshold.

Versionsinformation

  • Minor bug fixed

Versionsinformation

  • Chart Updated

Versionsinformation

  • Alert conditions added
  • Trend directions added
Kommentarer
zschonn
Seems good but feels hard to use it. Channel are far from the candle, how can we make channels close to candles otherwise impossible to track the trend specially for lower TF
livetrend
@zschonn, set Threshold(%) 0 for more tight channels.
dotnumber
so for HTF, multiplier should be also higher ? or lower ?
livetrend
@cryptoktmdai, higher time frames (HTF) exists with higher multiplier. So multiplier II should be greater than multiplier I
Sandrusi
awesome script! respect
livetrend
@Sandrusi, thanks and good luck with you.
Mer