QC Channels

█ OVERVIEW

QC Channels is a multi-timeframe regression channel indicator with an integrated dashboard. It identifies when price is statistically overextended across six timeframes simultaneously, helping traders spot potential mean-reversion opportunities with timeframe confluence.


█ WHAT MAKES THIS INDICATOR UNIQUE

Unlike standard channel indicators that only show a single timeframe, QC Channels provides a real-time dashboard displaying channel status across 1M, 5M, 15M, 1H, 6H, and 1D timeframes. This allows traders to quickly identify when multiple timeframes align — a key element often missed when analyzing channels on just one timeframe.

The proprietary calculation method determines statistically significant price boundaries and evaluates positioning across all monitored timeframes in real-time.


█ DASHBOARD INTERPRETATION

The dashboard uses a simple color-coded system:

• 🟢 GREEN / "BUY" — Price is below the lower channel boundary
• 🔴 RED / "SELL" — Price is above the upper channel boundary
• ⚪ GRAY / "-" — Price is within the channel (neutral zone)

Stronger signals occur when multiple timeframes display the same status.


█ HOW TO USE

1 — Monitor the dashboard for timeframe confluence
2 — Use the on-chart channel lines as dynamic support/resistance zones
3 — Set alerts to be notified of channel breakouts across your watchlist
4 — Adjust the lookback and deviation inputs to match your instrument's volatility


█ INPUTS

• Bar Lookback — Sensitivity of the channel calculation
• Deviation — Controls channel width
• Forward Prediction — Projects channel lines forward when enabled
• Line Width — Visual thickness of channel boundaries


█ BUILT-IN ALERTS

• Price Above Channel (SELL)
• Price Below Channel (BUY)
• Trend Direction Change (Up/Down)


█ LIMITATIONS

• Mean-reversion signals may remain extended during strong trends
• Multi-timeframe data relies on request.security() and may experience minor delays
• This tool assists analysis — it does not predict future price action


█ DISCLAIMER

This indicator is an analytical tool, not financial advice. Always apply proper risk management and use multiple confirmation factors before trading.