The Price Channels indicator draws three lines — upper, middle, and lower — based on the highest high and lowest low over a given lookback period. Breakouts above the upper channel signal potential uptrends, while breakdowns below the lower channel indicate potential downtrends, with the middle line serving as a dynamic support/resistance level.
This sample overlays Price Channels on CSCO candlestick data with the high band in navy, the low band in orange, a semi-transparent black fill between the bands, and the middle series in green with 2px thickness. Grid lines are enabled on both axes for precise reading. The chart includes a synchronized line scroller, a range picker, and a range selector, with the default view from November 2004 to November 2005.
See the Technical Indicators documentation for all configuration options.