Indicators: Price_Channel

New comment
 

Price_Channel:

It's a well-known indicator that shows maximal and minimal prices (and average values) of the last n bars.

Author: Александр

 

What's wrong with the standard one, the one in the examples?

 
Valmars:

What's wrong with the standard one, the one in the examples?

Is that the one with the solid blue shading?
 

Price Channel

Price Channels is a helpful technical analysis indicator to determine buy and sell signals based on price breakouts.

  • Upper Price Channel: The highest high over a user-defined time period.
  • Lower Price Channel: The lowest low over a user-defined time period.

The user-defined time period is generally 20 periods. To further illustrate how a price channel is created a chart of the Nasdaq 100 ETF (QQQQ) is shown below:


Price Channels are used mainly to identify price breakouts. The buy and sell signals are shown below in the chart of the QQQQ's:


Price Channel Buy Signal

Buy when price closes above upper bands. This is like buying a breakout above resistance, the resistance just happens to be whatever the highest high was of the past 20 trading days.

Price Channel Sell Signal

Sell when price closes below lower bands. This would be like selling a breakout below support, but the support in this case is whatever the lowest low was of the previous 20 trading days.

Price Channels offer an easy to follow method of buying and selling stocks, futures, or currency pairs.

 

Forum

PriceChannel Parabolic system

newdigital, 2013.03.22 14:04

 PriceChannel Parabolic system

 
PriceChannel Parabolic system basic edition

  • indicators and template to download for black background (first post of this thread)
  • PriceChannel indicator is on CodeBase here, same for white background, how to install
  • Clock indicator to be used with this trading system - Indicator displays three variants of time in the chart: local, server and GMT 

Latest version of the system with latest EAs to download


How to trade

 
The settingas for EAs: optimization and backtesting 

Trading examples

Metaquotes demo 

 

GoMarkets broker, initial deposit is 1,000

Alpari UK broker initial deposit is 1,000

RoboForex broker initial deposit is 1,000


 
Automated-Trading:

Price_Channel:

Author: Александр

i love the concept i intend to post it with arrows for buys and sell 

 
Isn't it Donchain Channel?
 
Софик Хлот #:
Разве это не канал "Дон Чейн"?

Насколько помню, этот индикатор всегда так назывался: Price Channel

Но возможно то как называете вы, тоже верно.

 
Sopheak Khlot #:
Isn't that the Donchian Channel?
The Donchian Channel, to be more precise. Named after Richard Donchian, the author. Reportedly, he had Armenian roots. Or Donchian, which is English. Donchian proposed a method of channel building, at that time there were no computers, current terminals and indicators to them. They made an indicator based on this principle and called it "Price channel". The authorship of the name has been hushed up for clarity. But the essence is the same.
 
Софик Хлот #:
Isn't that the Don Cheyne Channel?

I wonder if it's MQ's auto-translator or someone else? If it's an MQ translator, you don't have to translate the names. At least not in Latin.

In this case, the name sounds like Sopheak Khlot.

PS: I tried to answer, the name didn't translate. The question remains.
 
Not Don Cheyne, but Donchian Channel, to be more precise. By the name of Richard Donchian, the author. He reportedly had Armenian roots. Or Donchian, which is English. Donchian proposed a method of channel building, at that time there were no computers, current terminals and indicators to them. They made an indicator based on this principle and called it "Price channel". The authorship of the name has been hushed up for clarity. But the essence is the same.
12
New comment