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master-in-chart
19 sep 2021 09:27

small channel in 5min 

ChainLink / TetherUSBinance

Beskrivning

This indicator designed for 5min time-frame.
it detects a candlestick pattern in one hour time-frame and draw a channel based on the detected pattern, where two candles [0] and [1] are covered by the third one [2], in 5 min time-frame.
the bottom, middle and top of the channel are colored by green, gray and red respectively. this channel may help user to use it as a possible support and resistance region.
(the pattern is defined in line 11 to 13.)
enjoy it
Kommentarer
Moda-877
Thumbs up for this nice script, could you add alert when a new channel is created and top/bottom line is crossover? Thanks
Mer