It will draw two trend lines of the Channel Down on chart when the pattern is formed.
Features:
- Drawing Channel Down chart pattern for both realtime and historical data.
- Adjustable length of pattern legs.
- Using different combination of parameters, you can easily identify the Channel Down pattern in short term, mid term and long term.
- It works on most of the time frames and chart types, including: minutes, daily, weekly, monthly, tick, renko, range, Heiken Ashi, etc.
- Adjustable length of extension lines.
- Switch for showing latest pattern only or show all history patterns found on chart.
- Select different sound alert files with switch.
- Editable trend line color.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiavxeNmX7It9DRdbiYqF6rYhEGnXTeYvspNdijISvDc0binikoEnKv6h_3qwadG9teYEQdMItbHjsRmUJ8yaA1kqNF9wZ67G5vHQg1PrKAwVfEM3JsWB21P45bHR_9CvJnoGzpsqhYnOk/s1600/ChartPatternChannelDown+%252815%2529.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjaVtA57oZNMqtPDNrAkeUVBz9UsUdIbdTP3uhHrLxI-hihtZsnfvkpewEOecmpKFVvruPVxDglKwIBbEJFG-rMh0i9LeqB_HEfeN1AvJvef1oWII8SR5k2kiNNgyBGFFFG2tgzpwhyphenhyphenhgk/s1600/ChartPatternChannelDown+%252816%2529.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiVYeLvWscLDSdyBV4OPeVaV_Ccoamb3eoVP-i7q-KnaA4Qia-ash-oD8RwDxKlf90PodBLBJleB1Xx5v8E8xAoCbBofJg0coiC8vx6qPdbWqk93N4KGKORaC1fHwy-klcjb9qrrSEWxfM/s1600/ChartPatternChannelDown+%25281%2529.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-egulZQFyGAP5h1geDnLyC29a-b44et73bI3np2EErIH3VDOEKWlk-f3ipuCDDrVHgcBE4PUYBM2VPouflz6HmM3rwDpdfbUK943ATrFo74l-jTWaNmnS-Zujm-NIg3_pH2QLYaxqfgQ/s1600/ChartPatternChannelDown+%25282%2529.png)
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