Dear Traders, here I introduce my favorite indicator for find the trend channels with their primary, secondary and tertiary trend channel. Every channel develops themself without any drawing tools. The best way to trade with this indicator is to trade breakouts from consolidations. Consolidations (correction waves) you see, if the smaller trend is opposite...
The Keltner Channel, a classic indicator of technical analysis developed by Chester Keltner in 1960. The indicator is a bit like Bollinger Bands and Envelopes. WARNING: - This script to change bars colors.
The Keltner Channel, a classic indicator of technical analysis developed by Chester Keltner in 1960. The indicator is a bit like Bollinger Bands and Envelopes.
Keltner Channels are volatility-based envelopes set above and below a moving average first devised by Chester W. Keltner then later revised by Linda Bradford Raschke. This script allows for the overlay of the Keltner Channel across multiple-timeframes. Additionally allows for the selection of the true range average type with a user defined lookback...
This is a study to configure alarms based on the Channel Breakout indicator.
This is a Channel formed using price volatility and custom formulas developed by Train MT4. It is good for use on Stocks and Forex Symbols using the Daily charts. It is probably useful for more than just Daily timeframes, but I have only tested on daily.
This indicator try to create a channel by summing a re-scaled and readapted sinusoidal wave form to the price mean. The length parameter control the speed of the sinusoidal wave form, this parameter is not converted to a sine wave period for allowing a better estimation, higher length's work better but feel free to try shorter periods. The invert parameter...
Shout out to nPE- for the idea. Bands made with stdev from 10 day OHLC. Keeps resolution to daily, so you can use bands as daily pivots for day trading. Upper band 1=yesterday close + 0.5 std(ohlc,10) Upper band 1=yesterday close + 1 std(ohlc,10) Mid=yesterday close Lower band 1=yesterday close - 0.5 std(ohlc,10) Lower band 2=yesterday close - 1 std(ohlc,1
Basic high and low channels, allows for two high and two low channels of specified lengths. Use for channel breakout trades, basic idea is to go long when the longer high channel is broken and close when shorter low channel is broken, vice versa for shorts Feel free to leave me a tip if you like this script: 1MprT7YEEWaM6bUcpD7eeHM3Ht8n3R5jP1
Just another way of visualizing Williams' Fractals: they are now joined in a channel. You can also create a channel of Fractals from another time frame than the current. Great for identifying breakout entries or to trail your Stop Losses.
Highest High and Lowest Low channel Strategy You can change long to short in the Input Settings Please, use it only for learning or paper trading. Do not for real trading.
Highest High and Lowest Low channel Strategy
Канал Дончиана с регулируемым сдвигом, он же Price Channel. Для тех кто любит стратегию черпах, черпаховый суп и для поклонников комплексного анализа фибоначчи Першикова.
Plots three Average True Range channels as described in Alexander Elder's "The New Trading for a Living". You can adjust the EMA and ATR days that are the basis of these channels. This is my first script – happy to get any feedback on this! Thanks :)