The indicator shows the maxima and minima of the channel on a possible breakout.
It also displays the distance in points inside the channel.
- If the price is above the blue line of the channel is likely to breakout and further upward movement.
- If the price is below the pink line of the channel is likely to breakout and further downward movement.
- PowerBlue - the color of the upper line of the channel (default - # 0)
- Pink - the color of the lower channel line (default - #1)
For a better understanding see the screenshots below.
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