Auto Slope Extremes Channel

10 Eyl

Auto Slope Extremes Channel

Expanding channel that locks onto the highest high and lowest low of the slope between A and B.

This indicator builds a dynamic channel between two anchors, A and B.
Unlike fixed-width channels, it adapts to the slope of the leg between A and B and expands until:

• The upper channel line touches the highest candle in that slope.
• The lower channel line touches the lowest candle in that slope.

This method ensures that the channel edges are defined only by the single most extreme high and the single most extreme low within the selected leg. No other candles in the range touch the edges.

A centerline is drawn midway between the two extremes, and small triangle markers highlight the exact candles that determine the upper and lower boundaries.


Features

• Anchored channel defined by two user-selected points (A and B).
• Expands to fit the highest high and lowest low of the slope between A and B.
• Optional centerline and channel fill.
• Extend lines left, right, or both.
• Customizable line widths and colours.

10 Eyl

Sürüm Notları

Added swing box feature that highlights the price range between extreme high and low points with a customizable parallelogram overlay.