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Re: Identify This Indicator

RplusT, Thu Feb 14, 2019 5:32 pm

Marco320 wrote: Thu Feb 14, 2019 1:29 pm

Hi.

Be careful with this indicator. In the past I tested and it repaints.

Look for better options like Averages Channel Candles + alerts 2.07.ex4. Set the average period tighter for ur convenience to get earlier signals.
Cheers Marco
Well, I don't use the channel anyway. As it looks into the future and is curve fitting, of course it has got to repaint. But for the short term fanatics :D I'm sure it has got its advantages too.
The Averages I wouldn't really call a channel per se, as it is just an MA using high/low and close.
If someone would want to use a channel I guess he's better off with the ATR Bands using the weekly/monthly average for ATR.


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