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Channel 31

Simple channel indicator. I have been using it for several years. Added alerts when reaching high and low of the channel. Excellent for traders using trend strategies.


Recommendations:

Do not sell on highs or buy on lows right away. Check the higher timeframe and trade on the bounce.


Features:

  • alertsON — enable alerts
  • alertsMessage — display an alert
  • alertsSound — alert sound
  • Color_Region_Hi — color indicating exit from the channel on highs
  • Color_Region_Lo — color indicating exit from the channel on lows
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