honje19960321 wrote: Sun Oct 09, 2022 11:46 pm G channel is a channel indicator with 3 lines- a middle line representing a central tendency and 2 Upper and Lower boundaries calculated based on the past values of same indicator.
Its based on the paper "Recursive Bands - A New Indicator For Technical Analysis" by Alex Grover and is a code conversion from TradingView.
The channel breakout of Upper or Lower boundaries represent a new trend or trend continuation while narrowing of bands represents ranging or low volatility conditions.
The channel can prove to be a good indicator of a trend direction and also a guide for trailing of stop loss.
It has only 2 variables.
Channel period - default set to 100. Price type.

sal wrote: Sat Oct 29, 2022 1:53 pm nice setting and clear market trend