MeetAlgo Channel Trading is a volatility-based indicator built using envelope theory. The indicator plots dynamic upper and lower bands based on recent price movement and statistical deviation. These bands aim to represent expected price boundaries, and values plotted outside the range may signal a shift in volatility.

The channel is designed to reflect general market behavior by identifying price areas that are relatively high or low. When price approaches or exceeds the upper or lower bands, a directional arrow is plotted to suggest potential reversal zones. These signals can be interpreted in combination with other forms of analysis.

The band width adapts to changing volatility, providing flexibility during different market conditions. The core method reduces lag by using a custom smoothing formula based on average price range.