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Channel Balance
Overview
The Channel Balance indicator identifies potential trend reversals and continuation zones by analyzing price equilibrium levels, momentum, and overbought/oversold conditions. It combines multiple technical layers to filter high-probability trading opportunities while minimizing noise.
Key Features
Dynamic Equilibrium Zones
Visualizes smoothed price channels to highlight key support/resistance areas.
Gradient shading emphasizes strength/weakness in price positioning.
Momentum Confirmation
Uses a custom trend-detection algorithm to validate signals.
Avoids false breaks by requiring alignment with momentum shifts.
RSI Integration
Filters signals with RSI overbought/oversold thresholds (adjustable).
Clean Signal Labels
BUY/SELL labels appear only when all conditions converge (price zone + momentum + RSI).
How to Use
Zones: Price near upper/lower gradients suggests potential reversals.
Signals: Wait for labeled confirmations with RSI extremes.
Customize: Adjust RSI settings or toggle visibility via inputs.
Why It’s Unique
Multi-Filter Approach: Combines price position, momentum, and oscillator logic.
Visual Clarity: Focuses on actionable levels without overcrowding the chart.
Settings
Toggle channels/signals and adjust RSI parameters in inputs.
The Channel Balance indicator identifies potential trend reversals and continuation zones by analyzing price equilibrium levels, momentum, and overbought/oversold conditions. It combines multiple technical layers to filter high-probability trading opportunities while minimizing noise.
Key Features
Dynamic Equilibrium Zones
Visualizes smoothed price channels to highlight key support/resistance areas.
Gradient shading emphasizes strength/weakness in price positioning.
Momentum Confirmation
Uses a custom trend-detection algorithm to validate signals.
Avoids false breaks by requiring alignment with momentum shifts.
RSI Integration
Filters signals with RSI overbought/oversold thresholds (adjustable).
Clean Signal Labels
BUY/SELL labels appear only when all conditions converge (price zone + momentum + RSI).
How to Use
Zones: Price near upper/lower gradients suggests potential reversals.
Signals: Wait for labeled confirmations with RSI extremes.
Customize: Adjust RSI settings or toggle visibility via inputs.
Why It’s Unique
Multi-Filter Approach: Combines price position, momentum, and oscillator logic.
Visual Clarity: Focuses on actionable levels without overcrowding the chart.
Settings
Toggle channels/signals and adjust RSI parameters in inputs.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.