This indicator will automatically detect Channel Down chart pattern.
It will draw two trend lines of the Channel Down on chart when the pattern is formed.
Drawing Channel Down chart pattern for both realtime and historical data.
Adjustable length of pattern legs.
Using different combination of parameters, you can easily identify the Channel Down pattern in short term, mid term and long term.
It works on most of the time frames and chart types, including: minutes, daily, weekly, monthly, tick, renko, range, Heiken Ashi, etc.
Adjustable length of extension lines.
Switch for showing latest pattern only or show all history patterns found on chart.
Select different sound alert files with switch.