Indicators: Constant Range Channel

 

Constant Range Channel:

A simple indicator plotting a channel with a constant range

Constant Range Channel

Author: Fernando Carreiro

 
thank you
 
Van Hoi Ha #: thank you

You are welcome!

 
Thank you very interesting!
 
Alberto Tortella #: Thank you very interesting!
You are welcome!
 
This is useful for me making breakout EA. Thanks for your sharing!
 
PERFECT range breakout channel. It has assisted me a lot in identifying range breakouts. Would be interesting to see the same concept with the middle line being informed by a moving average. So a constane channel of a moving average if i am making any sense.
 
@Mthoko Ngwenya #PERFECT range breakout channel. It has assisted me a lot in identifying range breakouts. Would be interesting to see the same concept with the middle line being informed by a moving average. So a constane channel of a moving average if i am making any sense.
You seem to be describing the classical "Envelope" indicator—Envelopes - Trend Indicators - Technical Indicators - Price Charts, Technical and Fundamental Analysis - MetaTrader 5 Help