Flat Range Sequential Low Channels
In short:
This indicator finds areas where price is either flat/squeezed or moving in a steady trend, then draws a channel around that area. When price breaks out of the channel, it marks a BREAKOUT and can send an alert. If price goes back inside, it marks a RE-ENTRY. When the channel is no longer valid, the indicator closes it and starts searching for a new one.
Bottom line:
It finds where price is stuck or trending, draws a channel around it, tells you when price breaks out, tells you if it comes back in, and then automatically moves on to find the next opportunity.
What it actually does:
Finds channels
It scans recent price bars and tries to fit a channel around them.
LOW mode: Looks for flat, sideways, low-volatility ranges.
HIGH mode: Looks for strongly trending, sloped channels.
BOTH: Runs both searches at the same time.
Uses “R” to judge the channel
R is a correlation value between price and time.
Low |R| = price is flat / moving sideways.
High |R| = price is trending in a consistent direction.
You set the thresholds: how flat is “flat enough” for LOW, and how trendy is “trendy enough” for HIGH.
Draws the channel
Once a valid range is found, it draws:
A base line (center)
An upper border
A lower border
Optional fill, midline, and labels showing length and |R|.
Detects breakouts
If price closes outside the upper or lower border, it:
Marks a BREAKOUT label on the chart.
Optionally fires an alert (up or down, for LOW or HIGH channels).
Starts a pending breakout state.
Handles re-entries
If price moves back inside the channel after a breakout, it:
Marks a RE-ENTRY label.
Optionally fires a re-entry alert.
Cancels the pending breakout and continues the same channel.
Ends and restarts
If price stays outside the channel for a certain number of bars (Pending Break Bars), the channel is considered finished. The indicator then starts searching for a brand-new channel from that point.
Summary label (optional)
Shows how many confirmed channel segments have been found and which mode is active.
Alerts
You can enable alerts for:
LOW breakout up/down
HIGH breakout up/down
Re-entry (LOW and HIGH)
This indicator finds areas where price is either flat/squeezed or moving in a steady trend, then draws a channel around that area. When price breaks out of the channel, it marks a BREAKOUT and can send an alert. If price goes back inside, it marks a RE-ENTRY. When the channel is no longer valid, the indicator closes it and starts searching for a new one.
Bottom line:
It finds where price is stuck or trending, draws a channel around it, tells you when price breaks out, tells you if it comes back in, and then automatically moves on to find the next opportunity.
What it actually does:
Finds channels
It scans recent price bars and tries to fit a channel around them.
LOW mode: Looks for flat, sideways, low-volatility ranges.
HIGH mode: Looks for strongly trending, sloped channels.
BOTH: Runs both searches at the same time.
Uses “R” to judge the channel
R is a correlation value between price and time.
Low |R| = price is flat / moving sideways.
High |R| = price is trending in a consistent direction.
You set the thresholds: how flat is “flat enough” for LOW, and how trendy is “trendy enough” for HIGH.
Draws the channel
Once a valid range is found, it draws:
A base line (center)
An upper border
A lower border
Optional fill, midline, and labels showing length and |R|.
Detects breakouts
If price closes outside the upper or lower border, it:
Marks a BREAKOUT label on the chart.
Optionally fires an alert (up or down, for LOW or HIGH channels).
Starts a pending breakout state.
Handles re-entries
If price moves back inside the channel after a breakout, it:
Marks a RE-ENTRY label.
Optionally fires a re-entry alert.
Cancels the pending breakout and continues the same channel.
Ends and restarts
If price stays outside the channel for a certain number of bars (Pending Break Bars), the channel is considered finished. The indicator then starts searching for a brand-new channel from that point.
Summary label (optional)
Shows how many confirmed channel segments have been found and which mode is active.
Alerts
You can enable alerts for:
LOW breakout up/down
HIGH breakout up/down
Re-entry (LOW and HIGH)
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.