Closing Channel — Indicator by TradeSniperAI

Hi everyone!

This script is intented to visualize and schedule alarms on channels made by highs and lows of closing prices. Might be useful to let you know when prices break below or above the levels of the numbers of candles given by user.

Have fun trading,
RJRA

Release Notes:

Using now lowest lows and closing highs as channel.
Enjoy!

RJRA

Release Notes:

Including simply closing highs and lows as well as highes high and lowest low as channels.

Best,
RJRA

Open-source script

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.

Disclaimer

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