DEMOCustomChannel

DEMOCustomChannel

Draws range indicator channel (High-Low) levels from 8 customizable based on the percentage range.

Input parameters of the indicator:

  • periods: the number of bars used to calculate the range.
  • A: Level 1 based on the percentage range (set to 0, so that this level is not used).
  • B: 2nd level based on the percentage range (set to 0, so that this level is not used).
  • C: 3rd level based on the percentage range (set to 0, so that this level is not used).
  • D: 4th level based on the percentage range (set to 0, so that this level is not used).
  • E: 5th level based on the percentage range (set to 0, so that this level is not used).
  • F: Second level based on the percentage range (set to 0, so that this level is not used).
  • G: 7th level based on the percentage range (set to 0, so that this level is not used).
  • H: 8 th level based on the percentage range (set to 0, so that this level is not used).
  • showupper: True / False ( “True” to display the prices of the highest peak, “False” to hide).
  • showlower: True / False ( “True” to display the price of the lowest minimum, “False” to hide).
  • showfirst: True / False ( “True” to display the prices of Level 1, “False” to hide).
  • showsecond: True / False ( “True” to display the prices Level 2, “False” to hide).
  • showthird: True / False ( “True” to display the prices of the third level, “False” to hide).
  • showfourth: True / False ( “True” to display the prices of the 4th level, “False” to hide).
  • showfifth: True / False ( “True” to display the prices of level 5, “False” to hide).
  • showsixth: True / False ( “True” to display the prices of the 6th level, “False” to hide).
  • sowseventh: True / False ( “True” to display the price level 7, “False” to hide).
  • showeighth: True / False ( “True” to display the prices of the 8th level, “False” to hide).
  • ColorUpper: Color display price the highest high.
  • pricewidthUpper: The display size of the price of the highest peak.
  • ColorLower: Color display price of the lowest minimum.
  • pricewidthLower: The display size of the price of the lowest minimum.
  • ColorFirst: Color display price level 1.
  • pricewidthFirst: The display size of the price level 1.
  • ColorSecond: Color display price level 2.
  • pricewidthSecond: The display size of the price level 2.
  • ColorThird: Color display prices third level.
  • pricewidthThird: The display size of the price of the 3rd level.
  • ColorFourth: Color display prices level 4.
  • pricewidthFour: The display size of the price of the 4th level.
  • ColorFifth: Color display price level 5.
  • pricewidthFifth: The display size of the price level 5.
  • ColorSixth: Color display price level 6.
  • pricewidthSixth: The display size of the price level 6.
  • ColorSeventh: Color display price level 7.
  • pricewidthSeventh: The display size of price level 8.
  • ColorEighth: Color display price level 9.
  • pricewidthEighth: The display size of price level 8.
  • ma: calculating the moving average method (Simple, exponential, smoothed, linear weighted)
  • calculation: calculation range mode.
  • Range: The channel is calculated using the highest highs and the lowest lows of x bars.
  • StDev: Channel calculated using the standard deviations.

Input parameters A-H:

Set the percentage range that you want to see at each level (without using the “%”) or set it to 0 if you do not want to see the level.

Example: If set 12, will be drawn 12% range level, calculated on bars specified in “periods” parameter.

Making each level can be customized (color, style, width).

In the above table shows the default settings (color, width, style) that can be configured.

Note: This is a demo version which only works on AUDJPY charts. You can purchase the full version CustomChannel.

DEMOCustomChannel

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