- Provides trend channel (best value for period is 40 on 5 minute timeframe
- Provides BUY/SELL entries based on current channel
- Provides custom color for channel
Risks: Please note, this script is the likes of and poses a risk of falling in a trend range.
Entries may keep running on the same direction while the market is moving.
- Added alerts for BUY/SELL/GENERAL (both cases)
- Added previous entries using Look Back
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.