Pro Channel is a precise and reliable support and resistance indicator.
Pro Channel can show the trend (plots a price channel) direction clearly.
When the channel is pointed up, it means the trend is up.
When the channel is pointed down, it means the trend is down.
If a level is clearly broken, it changes its role and color. Support becomes resistance and vice versa.
It is used for making trading decisions and analyzing market sentiment.
- Automated adjustment to the underlying timeframe
- Displays only significant support and resistance levels
- Immediate graphical response if a level is clearly broken
- TrendLines: enable/disable the price channel.
- TimeColor: color of the font showing the time remaining until the candle is closed.
- LinesColor: color of the line of the price channel.
- ColorBUYzone: color of the line support.
- ColorSELLzone: color of the line resistance.