Multi Symmetric Channels

Multi Symmetric Channels draws linear regression channels and generates precise breakout signals with optional RSI divergence, EMA and percent movement filters.

Description complète (Full description) — Anglais (recommandé pour le Market)

Multi Symmetric Channels is a lightweight technical indicator that constructs symmetric linear regression channels and detects clean breakout signals.

The indicator automatically builds up to two channels based on price regression. Channels can be calculated using candle wicks (High/Low) or a fixed ATR-based width. Once built, channels remain frozen for a defined number of bars, preventing constant redrawing and keeping signals stable.

Key Features:

• Automatic symmetric channel construction via linear regression
• Channel freeze mechanism (channels stay fixed for X bars)
• Precise breakout detection (Buy/Sell arrows)
• Optional RSI Divergence filter with adjustable sensitivity
• Optional EMA trend filter
• Optional minimum percent movement filter (reversal confirmation)
• Optional channel slope trend filter
• Alerts and push notifications
• Lightweight calculation (channels rebuilt only on new bars)
• All filters are fully optional

How it works: The indicator identifies the dominant price regression and builds upper and lower channel boundaries. A signal is generated when price closes beyond a channel boundary, with additional confirmation filters available if desired. Once a signal is placed, it is locked and never overwritten.

Ideal for traders looking for structured channel breakout setups with flexible confirmation tools.