Channel Balance

Overview
The Channel Balance indicator identifies potential trend reversals and continuation zones by analyzing price equilibrium levels, momentum, and overbought/oversold conditions. It combines multiple technical layers to filter high-probability trading opportunities while minimizing noise.

Key Features
Dynamic Equilibrium Zones

Visualizes smoothed price channels to highlight key support/resistance areas.

Gradient shading emphasizes strength/weakness in price positioning.

Momentum Confirmation

Uses a custom trend-detection algorithm to validate signals.

Avoids false breaks by requiring alignment with momentum shifts.

RSI Integration

Filters signals with RSI overbought/oversold thresholds (adjustable).

Clean Signal Labels

BUY/SELL labels appear only when all conditions converge (price zone + momentum + RSI).

How to Use
Zones: Price near upper/lower gradients suggests potential reversals.

Signals: Wait for labeled confirmations with RSI extremes.

Customize: Adjust RSI settings or toggle visibility via inputs.

Why It’s Unique
Multi-Filter Approach: Combines price position, momentum, and oscillator logic.

Visual Clarity: Focuses on actionable levels without overcrowding the chart.

Settings
Toggle channels/signals and adjust RSI parameters in inputs.