Channel Flair

Overview:Channel Flair is an indicator born for options trading, however it guarantees excellent results also for trading on the underlying futures. It consists of two channels, the Highest – Lowest channel and the High-Low channel. The Highest – Lowest channel represents the long-term trend, while the High-Low channel represents the shortest period trend and therefore more susceptible to change.

Operation: A possible long trend signal is given when the Low line (light green) comes off uphill from the Lowest line (dark green). On the contrary, a signal of a possible short trend is given when the High (light red) line comes off the Highest line (dark red).

This Indicator is also found in the Indicators menu → Watchlist with a specific configuration for the numerical and non-graphical display of the parameters (Channel Flair Watchlist).