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.
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
Indicator draws linear channels on one price chart based on three different timeframes (by default – 1 hour, 4 hours and 1 day ). Also, indicator shows the current ranges for every channel. Line thikness is different for different timeframes.
period1, period2, period3 – number of minutes in different for what draw the channels, default – 60,240,1440.
Trend channels built from daily high, daily low and daily medium prices.
Fibo – (default = 0.382)
Indicator draws trend channels based on fractals.
FractalSize – Fractal Size in bars (ex. 1-3 bars,2-5 bars,3-7 bars)
PriceMode – 0-High/Low,1-Open/Close
Margins – Narrowing ration (ex.0.3)
Shift – Displace in bars (ex. 1 or -1)
Mode – Channel Mode: 0-default,1-similar to Fractal Chaos Bands
DisplayText – 0-off,1-on
TextDelta – Text deviation in pips
Three indicators for original Alex Silver strategy, based on ishimoku indicator. They are:
Silver-channels – draws major channels
SHI_SilverTrendColourBars – coloring price bar with reacting color
SilverTrend_Signal – draws arrows where entrence should be.
Did not found strategy description how to use them, input parameters are un-clear currently.