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The next indicator draws 4 lines (2 high lines and 2 low lines) and paint the space between the 2 low lines (low zone) and between 2 high lines (high zone).

It has the next inputs:

  • periods: Number of periods to make calculation of zones.
  • Deviation1: Number of deviations to plot the first high and low lines.
  • Deviation2: Number of deviations to plot the 2nd high and low lines.
The indicator can be customized:

# Color Width Style
0 Red 1 0
1 Yellow 1 0
2 Blue 1 0
3 Green 1 0
4 Green 3 0
5 Red 3 -----
6 Green 3 -----
7 Green 3 -----


Note: The bigger the difference between Deviation 1 and Deviation 2 the bigger the width of zones.

Note: This is a DEMO version that only works on AUDJPY chart if you want the full version buy the product YouCanNotAffordIt.

Maksym Mudrakov
Maksym Mudrakov 2016.08.31 18:36 

El usuario no ha dejado ningún comentario para su valoración

Versión 2.0 2016.04.07
Added option to change channel calculation mode:
-Bollinger Bands
Also the possibility to change price mode and an alert remembering is a DEMO version that only works on AUDJPY charts.
Versión 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".