G-Channel Trend Detection (jaggedsoft) / Owl of Profit remake

G-Channel Trend Detection Strategy (by jaggedsoft)

Special thanks to jaggedsoft and AlexGrover for the original concept and inspiration for this strategy.

This strategy leverages G-Channels for efficient trend detection by calculating the upper and lower extremities, providing dynamic signals for trend-based trading.

Features
G-Channels:

Calculates upper (a) and lower (b) bounds of price movement over a specified length.
Dynamic calculation adjusts with each bar, forming an average line (avg) for trend analysis.
Signal Detection:

Bullish Signal: When close moves above the lower bound.
Bearish Signal: When close moves below the upper bound.
Color-Coded Visualization:

Green (lime) for bullish trends.
Red for bearish trends.
Fills the area between the average line and the close price with trend-aligned colors for better visual clarity.
Entry and Exit Logic
Long Entry:

Triggered when a bullish trend starts.
Short Entry:

Triggered when a bearish trend starts.
Exit Logic:

Positions are automatically exited based on trend reversals.
Customization
Length Parameter:

Default: 100 bars.
Adjust to fit different timeframes and trading styles.
Cross Markers:

Optional cross markers for buy and sell signals can be toggled on/off for additional clarity.
This strategy is ideal for traders looking to capitalize on dynamic trend movements while maintaining visual clarity of market conditions.

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Happy trading!