This indicator detects equal highs and lows by comparing prices within user-defined left and right bars using a tolerance percentage. It plots horizontal lines on the price chart for equal highs in one color and lows in another. A screener allows input of mult
Indicator · Pine Script v5 · On the chart
Channel
The Channel indicator identifies recent pivot highs and pivot lows using fixed left and right bar lengths.
GitHub stars55on the repository
Pine versionv5runs as is
Lines of code30
Settings0inputs
LicenceApache-2.0
Last update6 months ago20 Apr 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
30 lines of Pine Script v5 from public/indicators/channel.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
//@version=5
indicator("Channel", overlay = true)
LEN_LEFT = 15
LEN_RIGHT = 5
pH = ta.pivothigh(LEN_LEFT, LEN_RIGHT)
pL = ta.pivotlow(LEN_LEFT, LEN_RIGHT)
// Bar indices of pivot points
pH_x1 = ta.valuewhen(pH, bar_index, 1) - LEN_RIGHT
pH_x2 = ta.valuewhen(pH, bar_index, 0) - LEN_RIGHT
pL_x1 = ta.valuewhen(pL, bar_index, 1) - LEN_RIGHT
pL_x2 = ta.valuewhen(pL, bar_index, 0) - LEN_RIGHT
// Price values of pivot points
pH_y1 = ta.valuewhen(pH, pH, 1)
pH_y2 = ta.valuewhen(pH, pH, 0)
pL_y1 = ta.valuewhen(pL, pL, 1)
pL_y2 = ta.valuewhen(pL, pL, 0)
if barstate.islastconfirmedhistory
// Lines
lH = line.new(pH_x1, pH_y1, pH_x2, pH_y2, extend = extend.right)
lL = line.new(pL_x1, pL_y1, pL_x2, pL_y2, extend = extend.right)
// Fill
fillColor = switch
pH_y2 > pH_y1 and pL_y2 > pL_y1 => color.green
pH_y2 < pH_y1 and pL_y2 < pL_y1 => color.red
=> color.silver
linefill.new(lH, lL, color.new(fillColor, 90))
Overview
Channel connects the two most recent pivot highs and two most recent pivot lows with extended lines to project upper and lower boundaries directly on the price chart. The script fills the area between the two trendlines with a dynamic background color: green when both boundaries slope upward, red when both slope downward, and silver when directions conflict. Lines are rendered on the last confirmed historical bar.
- Pivot high and low detection
- Automated channel trendline plotting
- Slope-based color-coded channel fills
- Right-extended channel boundaries
Details
Published by
dcaoyuan on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Trend, Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Topics
aicharttradingvibepinescripttechnical-analysispinestock
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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