The red area is the reference channel. The white shaded areas are clones. The White lines formed where clones meet is focal point for trend forecasting.
Comments
murdock76
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Is there a name for this technique? I have been looking online for resources regarding this approach (parallel channel cloning), but have found nothing. Any help would be greatly appreciated...
littleriver
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Here is a link that was shared by Trading view Member/ Moderator nmike. I learned of this cloning technique from nmike here at Tradingview. I am still new at cloning myself.