QVAND MASTER Channels

QVAND MASTER Channels — Close Only Trend Channels (Multi Window)

QVAND MASTER Channels plots multiple sloping price channels designed to show trend structure using closing prices only. Wicks are intentionally ignored so the channels reflect where price was actually accepted, instead of expanding from brief spikes.

What this indicator plots
• 3 primary channels built from rolling windows of 12 / 6 / 3 months (defaults).
• On 15m and 30m charts only, it automatically adds 2 shorter channels (2 / 1 month) to show nearer-term structure.
• Each channel includes a top/bottom boundary, optional midline, optional fill, and optional right extension.


How it works

For each selected window:
1. The script identifies the start of the window (by calendar months back) and the current bar.
2. It creates a baseline as a straight line connecting:
• the close at the window start, and
• the latest close.
3. It then measures the maximum and minimum deviation of closing prices from that baseline throughout the window.
4. The channel boundaries are built as:
• Top = baseline + max close deviation
• Bottom = baseline + min close deviation
• Midline = midpoint between top and bottom

This produces channels that adapt as new data arrives while staying anchored to close behavior rather than wick noise.

What makes it different
• Close only construction (no wicks): avoids spike-driven channel expansion.
• Baseline + deviation envelope: width comes from real close dispersion around the baseline, not generic bands.
• Multi window view: long/mid/short structure on one chart, with extra local channels on 15m/30m.

Customization

You can adjust: master timeframe, each window length (months), colors, line width, fill opacity, midline on/off, right extension on/off, and whether the 15m/30m extra channels are shown.

Performance note

This is a heavier script due to historical scanning across multiple windows. On some symbols/timeframes it may take ~20–25 seconds to load/paint.