the logic is that whenever the market is in a trend there will also be a channel which represents a pullback or correction ,Chickenspicy wrote: Wed Mar 29, 2023 2:20 am i know this repaints but its the same as drawing channels and we wouldnt throw that away either
i am hoping to request a dashboard for this indicator because using it on the daily and four hour takes alot of waiting & searching to find a current touch from the channel
super thank you if it can be done!
i ididnt see one in the dashboard type indicators thread also
if we draw channels the lines will never be straight so these other channels can help identify where price would have touched a normal channel or support and resistance
The daily and 4hr channels take alot of waiting for price to touch these channel points and a dashboard would help find them much easier
On these timeframes price is more static and alot more reliable for entry points