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 When the channel is no longer valid, the indicator closes it and starts searching for a new one.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 When the channel is no longer valid, the indicator closes it and starts searching for a new one.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)
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.