Indicators: G channel

Automated-Trading
166214

G channel:

G channel is a channel indicator with 3 lines- a middle line representing a central tendency and 2 Upper and Lower boundaries calculated based on the past values of same indicator. Its based on the paper "Recursive Bands - A New Indicator For Technical Analysis" by Alex Grover and is a code conversion from TradingView. The channel breakout of Upper or Lower boundaries represent a new trend or trend continuation while narrowing of bands represents ranging or low volatility conditions. The channel can prove to be a good indicator of a trend direction and also a guide for trailing of stop loss. It has only 2 variables. Channel period - default set to 100. Price type.

G channel

Author: fxthegreat

vitual_21
7
vitual_21  
Thanks for your useful indicator. Is it possible to create alert (email & pop message) for the Upper and Lower boundaries?
Ahmed ALMELHAWI
12
Ahmed ALMELHAWI  
vitual_21 #:
Thanks for your useful indicator. Is it possible to create alert (email & pop message) for the Upper and Lower boundaries?
Ahmed you have been able and you can help with us on our trip with you guys and I need you to come back and visit me