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Channell

The indicator is an addition to the standard equidistant channel. It draws up to five touch zones in both directions (up and down)


How to use:

  • Apply the Channell to the price chart
  • Draw equidistant channel on the price chart
  • Channell is attached to the equidistant channel, and draws required lines

Parameters:

  • Middle - middle equidistant channel
  • TouchLevel - the borders of the equidistant channel not reached, the recommended value of 10%
  • Level1 - "crossing" the border of the equidistant channel, the recommended value of 10%
  • Level2 - the center of the parallel channels of the equidistant channel, the recommended value of 50%
  • Level3 - the borders of parallel channels of the equidistant channel, the recommended value of 100%
  • Level4 - crossover of the borders "parallel" channels of the equidistant channel, the recommended value of 110%
  • Level5 - the distance to the "parallel" channels of equidistant channel, the recommended value of 90%
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