Recreation of shi_channel possible ?

[ligerny]

here is exactly what i mean. Is there any way to mimic what the shi channel indicator shows by using common indicators ( ex. MA's, RSI, macd, scholastic, etc.., etc..) to show wether we are in a downtrend or uptrend and and how high. More specifically the shi_channel from the fxovereasy system. I use the shi_channel to trade within the lines and i've had great sucess.

I believe i can mimic the same rest of the indicators like laguerre and itrend thru common idicators like rsi and macd... But the key is the shi_channel, if anyone can mimic shi_channel it thru the use of ma's or whatever common indicator i will explain and show everyone how to use it on 15 minute chart and confirming with 1 hour chart. It works i've done test for 2 month forward testing so far i've had 15 wins 4 losses up 20% on $5,000 demo trading eur/usd usd/jpy eur/jpy and gbp/usd. I used 10 pip porfit limit and 25 pip stop loss, 50 pip stop for overnight trading. can anyone help ?

[Nebula]

I don't have an answer to your question, rather I have one for you. I am curious as to why you want to do this? Is it so you can trade off charts that do not offer this indicator? or some other reason?

Thanks,

Nebula

[goldensight]

Off the top of my head you might do a websearch on moving average envelopes, keltner channel, bollinger bands, ATR channel.

[ligerny]

Yup, nebula you hit it right on the nose... I travel around alot and i wanna be able to use regular indicators to recreate the same thing. Bottom line it works for me and i'd like to simplfy it into a regular indicator and shows others why it works