EDY Smart Log Channel

EDY Smart Log Channel is a logarithmic price channel indicator designed to visualize market structure in percentage-based (logarithmic) space rather than fixed price levels.

Unlike traditional linear channels, this indicator constructs true parallel channels using logarithmic price calculations, allowing channel bands to expand proportionally with price movement. This makes it suitable for long-term trend analysis, macro market structure evaluation, and assets that exhibit exponential growth behavior.

The indicator supports both horizontal and trend-based channel modes, multiple upper and lower channel copies, optional middle bands, and fully customizable visual settings such as color, thickness, and extension behavior.

As price interacts with the main channel, the structure can adapt dynamically to maintain contextual relevance across different market conditions. Alerts are available for wick touches and close-confirmed breakouts of the main channel bands, helping highlight significant price interactions and potential volatility.

This indicator is intended for analytical and visualization purposes only and does not provide direct buy or sell signals.

Changelog:
v1.0 – Initial public release.