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Auto Parallel Channel

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Automatic parallel price channel for the last N bars. The slope follows the trend in the selected window; the upper and lower lines pass through the highest high and lowest low of that range, so price stays inside the channel. Optional right-side extension, midline, fill, and edge price labels.

Features:

Build channel from a custom lookback (bars)
True parallel boundaries (trend slope + window extremes)
Extend right by a set number of bars
Midline, fill, and price labels
Breakout alert conditions
How to use: Set lookback to the swing you want to frame. Enable extend right and choose how many bars to project forward. Use upper/lower touches for mean-reversion ideas, and breaks for continuation signals.

Disclaimer: For educational/analysis use only. Not financial advice.

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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.