Automatic Parallel Channel
Automatically detects swing pivots and constructs parallel price channels with extension lines, invalidating when price breaks out.
Strength Levels
5 options
Markets
All
Style
Overlay
Alerts
Built-in
Overview
Automatic Parallel Channel eliminates the subjectivity of manual channel drawing. Using pivot detection with five sensitivity levels, it identifies consecutive swing highs or lows that form a valid trend line, then projects a parallel boundary through the most extreme price point on the opposite side. An additional extension line projects beyond the channel for target zones. Slope steepness is normalized to prevent unrealistic channels, and channels automatically invalidate when price decisively breaks beyond the boundaries. The result is mathematically precise trending corridors that adapt as new swing structure develops.
Key Features
Five Sensitivity Levels
From Micro to Macro, choose how aggressively channels are detected to match your trading style -from scalping to position trading.
Steepness Validation
Slope steepness is validated to prevent excessively steep or unrealistic channels from being drawn on the chart.
Extension Line
A configurable extension line projects beyond the channel, providing a target zone for breakout or continuation moves.
Auto-Invalidation
Channels automatically clear when price decisively breaks beyond the boundaries, keeping the chart current and clutter-free.
Get access to Automatic Parallel Channel
Included with every subscription plan alongside all 18 premium indicators. Subscribe today for just $19/mo.
