I built a Chan Theory system. Last month, I tinkered with it again and ported it over to TradingView. After testing it for a few weeks, I can finally release it.
🎯 Core features:
✅ Automatically draw pen-stroke style segments and centers
✅ Instant marking of three types of buy/sell points (1st buy/2nd buy/3rd buy)
✅ Divergence detection (trend divergence + consolidation divergence)
✅ Real-time multi-timeframe linkage alerts
✅ Multiple possible developments of the price action are hinted at at the same time
Unlike Chan Theory indicators that pursue strict, standardized definitions, the core idea of this script is: prioritize real-time. Mark potential signals (possible buy/sell points) as early as possible—because in live trading, nobody waits for confirmation before placing an order.
But it’s important to emphasize: this script is not a mechanical entry/exit signal. It helps you see how the price action is growing, whether the trend is diverging, whether the center is expanding, and whether the smaller-level structure is upgrading. In the end, how you act depends on your own trading timeframe and risk appetite.
A small issue for now: the updates for the “type 2 buy/sell” will be completed by around August 15.
Use the SOP—see the video:
Recording: Chan Theory Script
Date: 2026-07-22 10:18:53
Recording file:
📌 Recommended usage: The 2nd buy/2nd sell in the dual-range setup, combined with divergence signals and multi-timeframe resonance confirmation.
🎁 Release bonus: Comment a blessing message + share → DM to get 7 days free trial
💡 During the trial, if you provide constructive feedback → extra time granted
⚠️ Disclaimer: This indicator is for structural analysis and exchange only and does not constitute any investment advice. The indicator is based on personal understanding; trade-offs were made between real-time performance and accuracy, and it may mislead—please use it rationally.
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Source: @Cycle_King1913 on X