Dear MrTools
I wonder how the "34 wave channel indicator" looks with a smoothed bollinger band (with narrow outer bands) instead. If the prize has enough momentum it pierces through it the BB (period 50 for example) follows and catches up again as soon the move is getting weak. This was just an interesting idea to experiment with.
(reference to 34 wave channel viewtopic.php?p=1295413461#p1295413461)

picture of the idea with bollinger bands - perhaps you can create a powerful variation with this,
sincerely - myrx