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DEMOCustomChannel

This indicator draws range channel (High-low) with 8 customizable levels based on percentages of the range.

It has the next inputs:

  • periods: Number of bars used in calculation for the range.
  • A: 1st level based on percentage of range (set it at 0 if you do not want to see this level).
  • B: 2nd level based on percentage of range (set it at 0 if you do not want to see this level).
  • C: 3rd level based on percentage of range (set it at 0 if you do not want to see this level).
  • D: 4th level based on percentage of range (set it at 0 if you do not want to see this level).
  • E: 5th level based on percentage of range (set it at 0 if you do not want to see this level).
  • F: 6th level based on percentage of range (set it at 0 if you do not want to see this level).
  • G: 7th level based on percentage of range (set it at 0 if you do not want to see this level).
  • H: 8th level based on percentage of range (set it at 0 if you do not want to see this level).
  • showupper: True/False ("True" to see the highest high price "False" to hide it).
  • showlower: True/False ("True" to see the lowest low price "False" to hide it).
  • showfirst: True/False ("True" to see 1st level price "False" to hide it).
  • showsecond: True/False ("True" to see 2nd level price "False" to hide it).
  • showthird: True/False ("True" to see 3th level price "False" to hide it).
  • showfourth: True/False ("True" to see 4th level price "False" to hide it).
  • showfifth: True/False ("True" to see 5th level price "False" to hide it).
  • showsixth: True/False ("True" to see 6th level price "False" to hide it).
  • sowseventh: True/False ("True" to see 7th level price "False" to hide it).
  • showeighth: True/False ("True" to see 8th level price "False" to hide it).
  • ColorUpper: Color used for the highest high price.
  • pricewidthUpper: Size used for the highest high price.
  • ColorLower: Color used for the lowest low price.
  • pricewidthLower: Size used for the lowest low price.
  • ColorFirst: Color used for 1st level price.
  • pricewidthFirst: Size used for 1st level price.
  • ColorSecond: Color used for 2nd level price.
  • pricewidthSecond: Size used for 2nd level price.
  • ColorThird: Color used for 3rd level price.
  • pricewidthThird: Size used for 3rd level price.
  • ColorFourth: Color used for 4th level price.
  • pricewidthFour: Size used for 4th level price.
  • ColorFifth: Color used for 5th level price.
  • pricewidthFifth: Size used for 5th level price.
  • ColorSixth: Color used for 6th level price.
  • pricewidthSixth: Size used for 6th level price.
  • ColorSeventh: Color used for 7th level price.
  • pricewidthSeventh: Size used for 7th level price.
  • ColorEighth: Color used for eighth level price.
  • pricewidthEighth: Size used for eighth level price.
  • ma: Method to calculate moving average (Simple, exponential, smoothed, linear weighted)
  • calculation: Range calculation mode.
  • Range: Channel calculated using the highest high and the lowest low of x bars.
  • StDev: Channel calculated using stadard deviations.

A-H inputs:

Set the percentage of the range that you want to see in every level (without using "%") or set it at 0 if you do not want to see that level.

Example: If you set 12 it will draw the 12% level of the range calculated over the bars you specified in "periods" input.

Every level can be customizable (colour, style, width).

The above table shows the default settings (colour, width, style), set them as you like.

Note: This is a DEMO version that just works on AUDJPY charts if you want the full version buy the product CustomChannel.

Maksym Mudrakov
9722
2016.08.31 18:51 
 

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Version 2.0 - 2016.06.07
Added mode options:
StDev: Channel calculated based on standard deviations.
Range: Channel calculated based on the highest high and the lowest low.
Version 1.10 - 2016.03.31
Added visible prices for every band. Price labels can be customized in color and size, and can be easily switched off by changing "true" to "false".