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livetrend
28 Th08 2022 13:14

Pivot Parallel Channel by [livetrend] 

FX_IDC:EURUSD1D
EURO / U.S. DOLLARICE

Mô tả

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This script draws parallel channels using pivot points for trend analysis.

Script draws maximum 4 parallel channels if suitable up or down trend already exists on the chart according to chosen Pivot Length and Multiplier.

You can change Multiplier to draw Higher Time Frame Channels.

Good luck!

Phát hành các Ghi chú

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  • Added channel scaling according to threshold.

Phát hành các Ghi chú

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  • Minor bug fixed

Phát hành các Ghi chú

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  • Chart Updated

Phát hành các Ghi chú

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  • Alert conditions added
  • Trend directions added
Bands and ChannelsforecastingTrend Analysisparallelchannelspivothighpivotlowparallel-channel
Bình luận
zschonn
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Seems good but feels hard to use it. Channel are far from the candle, how can we make channels close to candles otherwise impossible to track the trend specially for lower TF
livetrend
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@zschonn, set Threshold(%) 0 for more tight channels.
dotnumber
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so for HTF, multiplier should be also higher ? or lower ?
livetrend
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@cryptoktmdai, higher time frames (HTF) exists with higher multiplier. So multiplier II should be greater than multiplier I
Sandrusi
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awesome script! respect
livetrend
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@Sandrusi, thanks and good luck with you.
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