Indicators: Channel design indicator

 

Channel design indicator:

A channel is a trading range between support and resistance levels that a stock price oscillates in for a period of time. This indicator draws the resistance and support lines based on the peaks and valleys that are found within a defined period of time.

Channel design indicator

Author: Murilo Falleiros

 
Good job! Great indicator!

Adding breakout alerts can be something interesting!
 
Great job, quite professional. There is always room for improvement.
Pls improve the indicator by adding the following input parameters:
1. Support/Resistance candle touch alert, such that if the candle/price touches or breaks through the resistance or support line, then alert/push notification/mail is generated.
Thanks for quick response.
Great job.
Reason: