Channel 31

Simple channel indicator. I have been using it for several years. Added alerts when reaching high and low of the channel. Excellent for traders using trend strategies.

Recommendations:

Do not sell on highs or buy on lows right away. Check the higher timeframe and trade on the bounce.

Features:

• alertsON — enable alerts
• alertsMessage — display an alert
• alertsSound — alert sound
• Color_Region_Hi — color indicating exit from the channel on highs
• Color_Region_Lo — color indicating exit from the channel on lows