Check this indicator on Tradingview: HL Channel
This indicator is suitable for any timeframe or market like Forex, Crypto, Commodities even Stocks.
You could indentify elements like:
- Show boundries as possible points of take profit and exits
- Trend Indicator for long or short entries.
- It can be used as a trend indicator or trailing stop loss.
- Long and Short markers. You are able to create alarms for identify conditions for trading.
Besides of the features characteristics you also may check aditional conditions like:
-Based on highs and lows show as a trend
-Recommended for manual trading or validation.
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