Channel Exit Momentum Sell Signal
The sell signal is triggered when the price falls below the lower bounds of both channels, indicating strong bearish pressure. Specifically:
Channel 1 and Channel 2: These are based on a Simple Moving Average (SMA) with a range adjusted by a multiplier. These channels represent dynamic support zones.
Breaking the lower bound: When the price breaks below the lower bound of both channels, it means the price has fallen below the support levels defined by these moving averages. This suggests that the bullish trend has lost strength and a bearish continuation is likely.
Confirmation: To avoid false signals, the condition requires the price to stay below these bounds for two consecutive candles, reinforcing the likelihood of a sustained bearish trend.
Channel 1 and Channel 2: These are based on a Simple Moving Average (SMA) with a range adjusted by a multiplier. These channels represent dynamic support zones.
Breaking the lower bound: When the price breaks below the lower bound of both channels, it means the price has fallen below the support levels defined by these moving averages. This suggests that the bullish trend has lost strength and a bearish continuation is likely.
Confirmation: To avoid false signals, the condition requires the price to stay below these bounds for two consecutive candles, reinforcing the likelihood of a sustained bearish trend.
Get Access to Pinescriptlabs Indicators pinescriptlabs.com/
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.