Pinescritlabs
Ctrader Store indicators: 🤖Pinescritlabs Ctrader Store cBots:
Fair Value Gap Sessions Gold & BTC Breakout Session Pivots
Dynamic Market Structure
Analysis of Turning Points
Fibonacci Linear
Regression Multi-timeframe
Multi-Level Candle Bias
Tracker
Auto Support and
Resistance Trend Lines
All Support and
Resistance Levels
The Channel Price Predictor identifies and draws a trend channel (either bullish or bearish) on the chart, extending it into the future to anticipate possible price zones. 📈🔮
The channel is based on the ATR (Average True Range), which measures market volatility. The higher the recent volatility, the wider the channel, helping to visualize the range of probable movements. 📊💥
It automatically identifies and draws the channels based on pivot highs and lows.
Option to extend the channel lines and project their future price. 🕒📉
This channel not only shows the current movement but also gives you an estimated price projection for the future through a label (“Future: …”) indicating the possible price value. 📅💡
What is it for?
Trend Identification:
The indicator uses an internal logic to detect when the market switches from bullish to bearish (or vice versa). This way, you can more clearly visualize whether the asset is in an upward or downward phase. 📈🔄📉
Volatility Channels:
The channel is based on the ATR (Average True Range), which measures volatility. The higher the recent volatility, the wider the channel. This helps you see the range of probable movements. 📊🔍
Future Projection:
The indicator doesn’t just show the current trend but extends the channel a few periods ahead (configurable), so you can anticipate possible support/resistance zones within that trend. ⏳🚀
It allows you to extend the channel lines and project their future price. ⬆️⬇️
Price References:
By drawing the central line and the upper and lower edges, it gives you references to place your stops, targets, or even to manage entries/exits with more information on volatility. 🎯📍
Due to cTrader limitations, it is currently not possible to scroll to the right on the chart to properly view the future extensions of the channel.
It is recommended to set the “Future Projection” parameter to a value less than 25 periods to avoid display issues.
Once cTrader implements the ability to extend the chart into the future, we will make improvements to the algorithm to fully take advantage of this functionality.
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