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Trend Channels Pro [CodedLevels]
Trend Channels Pro [CodedLevels]
A multi-layered trend structure engine that combines regression-based diagonal channels, supply & demand zones, and smart breakout detection into a single unified overlay.
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🔹 WHAT IT DOES
This indicator builds a complete structural map of the market by layering three analytical systems:
1 — Trend Channels (Essential + Secondary)
Automatically detects swing pivots and fits linear regression channels across each completed trend leg. Channels are rendered as diagonal lines with shaded fills — visually identical to TradingView's built-in Regression Trend drawing tool, but fully automated. Two independent layers work simultaneously:
• Essential Trend — captures dominant market structure using higher-strength pivots. Channels are colored green (bullish legs) or red (bearish legs) based on structural direction.
• Secondary Trend — captures shorter-term structure within the essential trend. Channels are rendered in grey to visually separate them from the primary structure.
Both layers preserve full historical channels on the chart, giving you a complete visual record of how the trend has evolved over time.
2 — Forming Channel (Live)
A real-time channel drawn from the last confirmed pivot to the current bar. It updates on every new candle, showing you the trend leg that is actively developing — before it becomes a confirmed historical channel. Rendered in a distinct color with dashed lines so you can immediately distinguish it from completed channels.
3 — Supply & Demand Zones
Pivot-based zone detection using candle body mapping. Zones are qualified by departure strength — only pivots with meaningful follow-through moves generate zones. Features include:
• Automatic zone merging when nearby zones overlap
• Freshness tracking: fresh (untested) → retested → weakened → invalidated
• Zones auto-remove when price breaks through with conviction
• Centered labels: SUPPLY / DEMAND with freshness indicators
4 — Smart Breakout Signals
Detects when price closes beyond the latest secondary channel boundary. Includes:
• Minimum penetration filter (in ATR multiples) to eliminate marginal breakouts
• Optional volume confirmation
• Trend alignment filter — only signals that agree with the essential trend direction
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🔹 HOW TREND DIRECTION WORKS
Unlike indicators that determine trend from a moving average or the last candle's slope, this indicator uses structural market analysis:
• Tracks successive pivot highs and pivot lows
• Higher High + Higher Low = Bullish structure
• Lower High + Lower Low = Bearish structure
This means the dashboard won't flip bearish just because price made a normal pullback within an uptrend. It reflects the actual market structure.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🔹 HOW TO USE IT
Essential + Secondary channels give you the structural framework — trade in the direction of the essential trend, use secondary channels for timing.
Supply & Demand zones provide confluence — a breakout signal firing near a fresh demand zone in a bullish essential trend is a high-probability setup.
The info table (top-right) shows: essential and secondary trend direction, alignment status (ALIGNED / DIVERGENT), R² values for channel quality, and zone counts.
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🔹 ALERTS
• Bullish / Bearish breakout (with-trend filtered)
• Any secondary channel break (unfiltered)
• Price entering supply or demand zones
• Confluence alerts: breakout + zone overlap
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🔹 SETTINGS
All layers can be independently enabled/disabled. Key parameters include swing lookback strength, channel width (standard deviation multiplier), max historical channels, zone merge distance, breakout penetration threshold, and full color customization.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Built for traders who think in terms of market structure, not just indicators.
A multi-layered trend structure engine that combines regression-based diagonal channels, supply & demand zones, and smart breakout detection into a single unified overlay.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🔹 WHAT IT DOES
This indicator builds a complete structural map of the market by layering three analytical systems:
1 — Trend Channels (Essential + Secondary)
Automatically detects swing pivots and fits linear regression channels across each completed trend leg. Channels are rendered as diagonal lines with shaded fills — visually identical to TradingView's built-in Regression Trend drawing tool, but fully automated. Two independent layers work simultaneously:
• Essential Trend — captures dominant market structure using higher-strength pivots. Channels are colored green (bullish legs) or red (bearish legs) based on structural direction.
• Secondary Trend — captures shorter-term structure within the essential trend. Channels are rendered in grey to visually separate them from the primary structure.
Both layers preserve full historical channels on the chart, giving you a complete visual record of how the trend has evolved over time.
2 — Forming Channel (Live)
A real-time channel drawn from the last confirmed pivot to the current bar. It updates on every new candle, showing you the trend leg that is actively developing — before it becomes a confirmed historical channel. Rendered in a distinct color with dashed lines so you can immediately distinguish it from completed channels.
3 — Supply & Demand Zones
Pivot-based zone detection using candle body mapping. Zones are qualified by departure strength — only pivots with meaningful follow-through moves generate zones. Features include:
• Automatic zone merging when nearby zones overlap
• Freshness tracking: fresh (untested) → retested → weakened → invalidated
• Zones auto-remove when price breaks through with conviction
• Centered labels: SUPPLY / DEMAND with freshness indicators
4 — Smart Breakout Signals
Detects when price closes beyond the latest secondary channel boundary. Includes:
• Minimum penetration filter (in ATR multiples) to eliminate marginal breakouts
• Optional volume confirmation
• Trend alignment filter — only signals that agree with the essential trend direction
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🔹 HOW TREND DIRECTION WORKS
Unlike indicators that determine trend from a moving average or the last candle's slope, this indicator uses structural market analysis:
• Tracks successive pivot highs and pivot lows
• Higher High + Higher Low = Bullish structure
• Lower High + Lower Low = Bearish structure
This means the dashboard won't flip bearish just because price made a normal pullback within an uptrend. It reflects the actual market structure.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🔹 HOW TO USE IT
Essential + Secondary channels give you the structural framework — trade in the direction of the essential trend, use secondary channels for timing.
Supply & Demand zones provide confluence — a breakout signal firing near a fresh demand zone in a bullish essential trend is a high-probability setup.
The info table (top-right) shows: essential and secondary trend direction, alignment status (ALIGNED / DIVERGENT), R² values for channel quality, and zone counts.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🔹 ALERTS
• Bullish / Bearish breakout (with-trend filtered)
• Any secondary channel break (unfiltered)
• Price entering supply or demand zones
• Confluence alerts: breakout + zone overlap
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🔹 SETTINGS
All layers can be independently enabled/disabled. Key parameters include swing lookback strength, channel width (standard deviation multiplier), max historical channels, zone merge distance, breakout penetration threshold, and full color customization.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Built for traders who think in terms of market structure, not just indicators.
开源脚本
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。