The Parallel Channel drawing tool is primarily used to distinguish trends of a price movement. The Parallel Channel tool has an option of being extended either to the right, left or both directions, if the user wants the channel to be continued indefinitely.
In Style property dialog it is possible to change the appearance of a Parallel Channel:
Sets the color, opacity, thickness and the style of the parallel channel's borders.
This checkbox enables visibility of the parallel channel's midline. The drop-down besides sets the style of the midline.
Check this box to extend the parallel channel's left end indefinitely.
Check this box to extend the parallel channel's right end indefinitely.
This checkbox enables filling the parallel channel's background. Fill color and it's opacity can be selected in the drop-down beside.
In visibility properties dialog you can switch the Parallel Channel's displaying on charts of different timeframes:
It is possible to set an alert to get notified about a series crossed the Parallel Channel on a chart. Use the clock icon in floating drawing toolbar or in right click menu on the Parallel Channel itself:
Then select a condition, periodicity and preferable method of notification, edit the notification massage if you wish, and press Create: