Indicators: Support \ Resistance
it's look like doncian chanel ya ... thankyou i like this indicator .
I once constructed similar indicator which basis on percentile of previous price calculation. It looks and behaves almost identical as yor inicator.
It can be usefull if you observe price and its distance from channel boundires. I have also tried such indicator to determine market type. The market is trending when price stays near one boundry and the market is ranging when it is repused form boundry.
i will try your indicator. thanks for posting!
How can I get the indicator? It's not in the post
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Support \ Resistance:
Author: Андрей