This indicator automatically draw support and resistance lines with channels, and some additional channel lines. To have indicator draw channels in history you may just move last vertical line (named StartTL). In the top right corner indicator show number of lines for  support and resistance.

 

Inpot parameters:

FirstBar – start candle, where StartTL will be placed

DeltaBar – minumum number of candles for support/resistance lines

InsLine (true/false) – build or now additional internal line of support/resistance

Download VS_ChanelTrend_V1.0 indicator

 

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