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Groups: Registered, Registered Users, Subscribers
Joined: 10/29/2004(UTC)
Posts: 1,394
Location: Glastonbury, CT
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Here is an indicator that plots Channel Lines on the price chart
Period:=Input("Length",5,100,25);
Arm:= Mov(C,Period,S);
LP1:= (1 + (1.0 * 5/100 ) ) * Arm ;
LP2:= (1 + (2.0 * 5/100 ) ) * Arm ;
LP3:= (1 + (3.0 * 5/100 ) ) * Arm ;
LM1:= (1 - (1.0 * 5/100 ) ) * Arm ;
LM2:= (1 - (2.0 * 5/100 ) ) * Arm ;
LM3:= (1 - (3.0 * 5/100 ) ) * Arm ;
LP3;LP2;LP1;Arm;LM1;LM2;LM3;
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