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EDY Smart Log Channel
EDY Smart Log Channel is a logarithmic price channel indicator designed to visualize market structure in percentage-based (logarithmic) space rather than fixed price levels.
Unlike traditional linear channels, this indicator constructs true parallel channels using logarithmic price calculations, allowing channel bands to expand proportionally with price movement. This makes it suitable for long-term trend analysis, macro market structure evaluation, and assets that exhibit exponential growth behavior.
The indicator supports both horizontal and trend-based channel modes, multiple upper and lower channel copies, optional middle bands, and fully customizable visual settings such as color, thickness, and extension behavior.
As price interacts with the main channel, the structure can adapt dynamically to maintain contextual relevance across different market conditions. Alerts are available for wick touches and close-confirmed breakouts of the main channel bands, helping highlight significant price interactions and potential volatility.
This indicator is intended for analytical and visualization purposes only and does not provide direct buy or sell signals.
Changelog:
v1.0 – Initial public release.
Unlike traditional linear channels, this indicator constructs true parallel channels using logarithmic price calculations, allowing channel bands to expand proportionally with price movement. This makes it suitable for long-term trend analysis, macro market structure evaluation, and assets that exhibit exponential growth behavior.
The indicator supports both horizontal and trend-based channel modes, multiple upper and lower channel copies, optional middle bands, and fully customizable visual settings such as color, thickness, and extension behavior.
As price interacts with the main channel, the structure can adapt dynamically to maintain contextual relevance across different market conditions. Alerts are available for wick touches and close-confirmed breakouts of the main channel bands, helping highlight significant price interactions and potential volatility.
This indicator is intended for analytical and visualization purposes only and does not provide direct buy or sell signals.
Changelog:
v1.0 – Initial public release.
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CryptoiG
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
CryptoiG
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.