JayRogers

High-Low Difference Channels - SMA/EMA

I wrote this up as a potential replacement for my BB based strategies, and so far it's looking pretty nice.

Description / Usage:
  • Adjust length and multiplier much the same way you would expect with Bollinger Bands .
  • Multiplier of 1 gives you a base channel consisting of one high, and one low sourced SMA (or EMA )
  • The outer channels are increments of the base channels width, away from the median hl2 sourced SMA (..or EMA )
Bình luận: New revision here, with more MA options than you can shake a stick at:
Bình luận: Final revision done.

Added (optional) select-able fixed resolutions, so you can have 1 hour bands on your 1 minute chart if you do so feel inclined.

Otherwise just some minor code cleaning and proper commenting:
Gỡ bỏ khỏi Script Ưa thích Thêm vào Script Ưa thích
//@version=2

study(title="High-Low Difference Channels - SMA/EMA", shorttitle="HLDC", overlay=true)

// Revision:    1
// Author:      JayRogers
// Reasoning:   I wrote this up as a potential replacement for my BB based strategies, and so far it's
//              looking pretty nifty.
//
// Description / Usage:
//
//  - Adjust length and multiplier much the same way you would expect with Bollinger Bands.
//  - multiplier of 1 gives you a base channel consisting of one high, and one low sourced SMA (or EMA)
//  - The outer channels are increments of the base channels width, away from the median hl2 sourced SMA (..or EMA)

hlc_length      = input(50, title="Channel Length", minval=1)
hlc_diffMult    = input(1.5, title="Difference Multiplier", minval=0.1, maxval=50)
hlc_useEMA      = input(false, title="Use EMA instead of SMA?")

hl2_line    = hlc_useEMA ? ema(hl2, hlc_length) : sma(hl2, hlc_length)
high_line   = hlc_useEMA ? ema(high, hlc_length) : sma(high, hlc_length)
low_line    = hlc_useEMA ? ema(low, hlc_length) : sma(low, hlc_length)

diffMult(num) =>
    hldm = (high_line - low_line) * hlc_diffMult
    r = hldm * num

midline     = plot(hl2_line, title="Midline", color=silver, transp=0)

highLine    = plot(hl2_line + (diffMult(1) / 2), title="Center Channel Upper", color=silver, transp=100)
lowLine     = plot(hl2_line - (diffMult(1) / 2), title="Center Channel Lower", color=silver, transp=100)

diffUp1     = plot(hl2_line + diffMult(1), title="High Diff 1", color=silver, transp=0)
diffUp2     = plot(hl2_line + diffMult(2), title="High Diff 2", color=silver, transp=0)
diffUp3     = plot(hl2_line + diffMult(3), title="High Diff 3", color=silver, transp=0)

diffDown1   = plot(hl2_line - diffMult(1), title="Low Diff 1", color=silver, transp=0)
diffDown2   = plot(hl2_line - diffMult(2), title="Low Diff 2", color=silver, transp=0)
diffDown3   = plot(hl2_line - diffMult(3), title="Low Diff 3", color=silver, transp=0)

fill(highLine, lowLine, title="Center High-Low Fill", color=silver, transp=50)

Bình luận

Thanks JayRogers working well for indices like dax,dow.
Phản hồi
Very cool indicator! Works very well in helping to analyze FX pairs.
Phản hồi
JayRogers kinggold
Cheers :)
Phản hồi
Trang chủ Bộ lọc cổ phiếu Bộ lọc Forex Bộ lọc Tiền điện tử Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Trả phí Giới thiệu bạn Quy tắc Áp dụng Trung tâm Trợ giúp Giải pháp cho Website & Nhà môi giới Widget Giải pháp biểu đồ Thư viện Biểu đồ Lightweight Blog & Tin tức Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Giới thiệu bạn Xu Ticket Hỗ trợ của tôi Trung tâm Trợ giúp Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất