Automatic Paralel Line
- Indicatori
- Deyna Kurniawan
- Versione: 1.0
- Attivazioni: 5
MTF Parallel Channel Pro is an advanced multi-timeframe (MTF) technical indicator designed to automatically draw dynamic parallel channels based on higher timeframe (HTF) market structure.
This indicator identifies ascending (support) and descending (resistance) channels using real swing highs and lows from a selected higher timeframe, then projects them accurately onto the current chart.
It helps traders visualize trend direction, pullback zones, dynamic support & resistance, and high-probability reaction areas with clarity.
🔹 Key Features
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Multi-Timeframe Analysis (MTF)
Analyze higher timeframe structure (H1, H4, D1, etc.) while trading on lower timeframes. -
Automatic Parallel Channel Detection
Draws both main trend lines and parallel offset lines to form clean price channels. -
Ascending & Descending Channels
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Ascending channel → Dynamic Support
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Descending channel → Dynamic Resistance
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Smart Swing Logic
Uses real HTF swing highs and lows with adaptive lookback calculation. -
Price Labels (Optional)
Displays HTF Support & Resistance price labels directly on the chart. -
Fully Customizable Visuals
Control colors, line width, and line styles to match your trading layout.
🔹 How It Works
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The indicator scans historical candles from the selected higher timeframe.
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It detects valid swing highs and lows to determine trend direction.
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A main trend line is drawn (support or resistance).
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A parallel line is calculated using the furthest opposite extreme.
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Both lines extend forward dynamically, adapting to new market data.
🔹 Best Use Cases
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Trend trading & pullback entries
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Identifying premium & discount zones
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Confluence with:
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Order Blocks
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Fair Value Gaps (FVG)
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EMA / Market Structure
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Scalping, intraday, and swing trading
🔹 Why Choose MTF Parallel Channel Pro?
✔ Clean & objective channel drawing
✔ Works on all symbols (Forex, Gold, Indices, Crypto)
✔ Lightweight & chart-friendly
✔ Designed for professional market structure traders
