The indicator plots two subsequent channels by the closing prices and checks if their sequence matches the scheme demonstrated in the screenshots. If the conditions are met, a signal is formed, which is displayed by an arrow of the corresponding color on the chart. A rhombus on the chart displays a possible stop loss level. When a signal forms the indicator can generate a pop-up window, send Push and/or Email - notifications.

The indicator parameters

• ChPeriod - channel length
• Usealert - enable pop-up window on signal
• UsePush - enable Push-notifications on signal
• UseEmail - enable EMail-notifications on signal