Parallel Channels Pro
- Indicators
- Version: 1.0
- Activations: 5
Parallel Channels Pro builds a volume-weighted linear regression channel around the market, with three parallel levels on each side. It identifies clean trending phases, marks liquidity sweeps on the outer level, and unlocks or re-locks the channel on swing pivots and center-line breaks. The core uses Pearson correlation validation and optional robust outlier rejection, plus an adaptive lookback based on the ATR ratio. Every trigger is evaluated on closed bars only, so the channel never repaints. This gives traders a complete framework for both trend-following and mean-reversion strategies.
Key features:
- Volume-Weighted Linear Regression (VWLR) channel core
- Adaptive lookback based on ATR ratio (optional)
- Pearson correlation validation and outlier rejection
- Liquidity sweep detection with X markers
- Smart pivot release on swing pivot and center break
- Seven channel lines: Mid, Up1/2/3, Down1/2/3
- Anti-repaint triggers evaluated on closed bars only
Settings: Base Length, VWLR toggle, Dynamic Length, Outlier Rejection, Pearson Threshold, Sweeps, Pivot Length, Colors.
Compatibility: any symbol and timeframe, best with at least 150 bars of history. Install from the Navigator panel.
