OPEN-SOURCE SCRIPT
Liquidity Channel DEX/Uniswap/Crypto by @RichSimon
The indicator automatically detects channels for placing liquidity on decentralized exchanges (DEX).
Based on a linear regression algorithm (similar to the "Regression Trend" tool).
Adjustable parameters: channel width (in standard deviations) and analysis depth (historical period in bars).
Main parameters:
It is possible to create alerts with parameter transmission via placeholders, for example: {{plot_0}}.
Check the placeholder number in the data window.
Acknowledgments, donations, and improvement suggestions can be left in the comments.
Based on a linear regression algorithm (similar to the "Regression Trend" tool).
Adjustable parameters: channel width (in standard deviations) and analysis depth (historical period in bars).
Main parameters:
- Channel boundaries: Upper (top), Center (central), Lower (bottom). Same for parent channel
- ATR (Average True Range) — the average true range, scaled by 100 times over a period equal to the analysis depth.
- Range (channel width).
- Standard deviation (100xSTD LinReg), scaled by 100 times.
- Channel speed — the rate of channel change (slope) per hour. Determines the channel's slope (positive - upward, negative - downward, higher value - steeper slope).
It is possible to create alerts with parameter transmission via placeholders, for example: {{plot_0}}.
Check the placeholder number in the data window.
Acknowledgments, donations, and improvement suggestions can be left in the comments.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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