Discussion of article "A Universal Channel with the Graphical Interface"
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New article A Universal Channel with the Graphical Interface has been published:
All channel indicators are displayed as three lines, including central, top and bottom lines. The drawing principle of the central line is similar to a moving average, while the moving average indicator is mostly used for drawing channels. The top and bottom lines are located at equal distances from the central line. This distance can be determined in points, as percent of price (the Envelopes indicator), using a standard deviation value (Bollinger Bands), or an ATR value (Keltner channel).
In addition to creating the form object, the indicator selection lists are filled and selected variants are assigned to them. Let us also set all other values in controls. After that, upon attaching the indicator to a chart, a form with controls will be displayed (Fig. 1).
Fig. 1. A form with the universal channel controls
Author: Dmitry Fedoseev