Indicators: Volatility Step Channel

 

Volatility Step Channel:

A channel which calculates local highs and local lows with volatility-adjusted lines

Volatility Step Channel

Author: Conor Mcnamara

 

As a word of warning:

I don't recommend you use this haphazardly in live trading unless you really know what you're doing. 

I recommend to use this indicator in combination with the volatility step channel so that you can engineer the right input values (visually...the wicks of extreme tick prices must NOT touch the channel lines).

Code Base

OHLC Candles with extreme tick price tracking

Conor Mcnamara, 2025.10.10 14:00

This is an OHLC candlestick chart which records the highest ask and lowest bid on each new bar