How to find horizontal channel breakouts?

[d122y]

The breakout seems to be the easy part (new high) but what is the easiest way to find a horizontal channel, or any channel for that matter? I've searched but no joy. I would be looking for a horizontal channel (with x% or less total variance) longer than n bars:

Alternatively, rather than running C# over price action, is there perhaps an indicator that would make this easier?

Thanks

[NinjaTrader_ChelseaB]

Hello d122y,

You would need to design your own logic for this.

Below is a link to an example that gets the y-intercept along a line which you may find useful.

https://ninjatrader.com/support/forum/forum/ninjatrader-8/add-on-development/107312-price-crossing-a-line?p=828663#post828663

What are your exact rules for the channel?

Are you looking for any bars where the price is falling after on the previous bar it was rising?

Is there a threshold for how high the must be?