QC Channels
QC Channels is a multi-timeframe regression channel indicator with an integrated dashboard. It identifies when price is statistically overextended across six timeframes simultaneously, helping traders spot potential mean-reversion opportunities with timeframe confluence.
█ WHAT MAKES THIS INDICATOR UNIQUE
Unlike standard channel indicators that only show a single timeframe, QC Channels provides a real-time dashboard displaying channel status across 1M, 5M, 15M, 1H, 6H, and 1D timeframes. This allows traders to quickly identify when multiple timeframes align — a key element often missed when analyzing channels on just one timeframe.
The proprietary calculation method determines statistically significant price boundaries and evaluates positioning across all monitored timeframes in real-time.
█ DASHBOARD INTERPRETATION
The dashboard uses a simple color-coded system:
• 🟢 GREEN / "BUY" — Price is below the lower channel boundary
• 🔴 RED / "SELL" — Price is above the upper channel boundary
• ⚪ GRAY / "-" — Price is within the channel (neutral zone)
Stronger signals occur when multiple timeframes display the same status.
█ HOW TO USE
1 — Monitor the dashboard for timeframe confluence
2 — Use the on-chart channel lines as dynamic support/resistance zones
3 — Set alerts to be notified of channel breakouts across your watchlist
4 — Adjust the lookback and deviation inputs to match your instrument's volatility
█ INPUTS
• Bar Lookback — Sensitivity of the channel calculation
• Deviation — Controls channel width
• Forward Prediction — Projects channel lines forward when enabled
• Line Width — Visual thickness of channel boundaries
█ BUILT-IN ALERTS
• Price Above Channel (SELL)
• Price Below Channel (BUY)
• Trend Direction Change (Up/Down)
█ LIMITATIONS
• Mean-reversion signals may remain extended during strong trends
• Multi-timeframe data relies on request.security() and may experience minor delays
• This tool assists analysis — it does not predict future price action
█ DISCLAIMER
This indicator is an analytical tool, not financial advice. Always apply proper risk management and use multiple confirmation factors before trading.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact QuantCandles directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact QuantCandles directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.