🟪Channel Walker

The Channel Walker Indicator is a simple support/resistance tool used to gauge when an asset is in trend or beginning to change directions.

For those who prefer video tutorials, this breaks down every single aspect of our Channel Walker Indicator:

Support / Resistance Simplified

The Channel Walker tool is a visualized take on support/resistance in regards to multiple trend analytics . This tool is specifically designed to assist traders to avoid FOMO and be patient with the price action. As with many of the other Rainbow Trends Tools, this tool is highly reactive to time and the colors become more important the higher the time frame.

Color Coding

This tool is based off of three colors to identify what type of trend is currently in place on your chart:

• Bull Trends are displayed Green.

• Crab/Pivots are displayed Yellow.

• Bear Trends are displayed Red.

Tool Settings

This tool has two unique settings:

• Smoothness Adjuster - This setting adjusts how reactive the Channel Walker is to movements in the chart. Increasing this number will make is less responsive and decreasing it will make it more responsive.

• Width Adjuster - This setting adjusts the physical width/heigth of the band. This allows each Trader to specifically adjust the Inidicator to their personal liking.

Example with the smallest Width Adjuster setting:

Example with the Width Adjuster increased and the Smoothness Adjuster increased to make it less sensitive:

If you are still having issues or have questions, please feel free to reach out to us at [e-mail] or message us in the Rainbow Trends Discord.