Crystal Channels [BreakoutOrFakeout]

Crystal Channels [BreakoutOrFakeout]
What It Does
Automatically draws dynamic price channels that adapt to market volatility, showing you exactly where price sits within its current range. The crystal-clear visualization instantly reveals whether price is stretched, compressed, or ready to break out.
Key Features
💎 Auto-Adjusting Channels

Channels expand and contract with volatility
No manual adjustment needed
Works on all timeframes automatically

📊 Position Percentage Display

Shows exact position within channel (0-100%)
Real-time updates as price moves
Quantifies overbought/oversold conditions

⚡ Squeeze Detection

Identifies when channels compress
[SQUEEZE] label warns of pending breakout
Yellow background for visual alert

🎯 Multi-Signal System

Breakout confirmations (triangles)
Channel touches (circles)
Strong momentum (diamonds)
All signals filter for false breaks

🎨 Dynamic Visual Feedback

Gradient fills show trend direction
Candle colors indicate position strength
Quarter lines for precision entries

How to Use

Channel Bounces: Enter opposite direction at channel extremes
Breakout Trades: Wait for squeeze, then follow triangle signals
Position Sizing: Use % reading to gauge risk (higher % = higher risk)
Trend Following: Trade with midline direction and color

Visual Guide

🔴 Upper Channel = Resistance/overbought
🟢 Lower Channel = Support/oversold
🔵 Midline = Trend direction
🟡 Squeeze = Volatility contraction
📍 XX% = Current position in range

Why Crystal Channels?
Unlike static channels that need constant adjustment, Crystal Channels automatically adapt to market conditions. The position percentage gives you precise risk assessment, while the squeeze detection helps you prepare for explosive moves before they happen.
Perfect for:

Range traders (fade the extremes)
Breakout traders (play the squeezes)
Swing traders (channel to channel)
Risk managers (clear stop levels)


⚠️ DISCLAIMER: For educational purposes only. Trading involves substantial risk of loss. Past performance does not guarantee future results. Always use proper risk management.