Re: G channel

1362
mrtools wrote: Sat Oct 29, 2022 10:22 am Sounds good, but how to determine when they resume the trend?
As soon as the high-low price of the candle touches the band, the candle should be drawn. This means that the price range of the candle is crucial so that the candle can be drawn. Then you could also add a filter to determine the distance.
We create order out of chaos - we trade that order, but sometimes that chaos is out of order, so we WAIT!!! for the order to return - and we trade again. XARD777

Re: G channel

1364
mrtools wrote: Sat Oct 29, 2022 10:22 am Sounds good, but how to determine when they resume the trend?
Sure, I agree you, however, I don’t advice to used it for every one
I am trading more than 12 years. I have idea how to used, later I’ll show you how I am using this indicator after while

Re: Bollinger Bands type indicators for MT4

1365
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
Image
G Channel Multiple

Coder: fxthegreat
Released date: Oct. 9th, 2021

inspired by sal's setting, I give you this indicator.
------------------------------
So how do you trade?

When you see the price is above the yellow middle line,
and all red lines converge closely together, go LONG.
Vice versa for green lines.
------------------------------
DOWNLOAD:
ZigZag_HH-HL-LH-LL_B BT sw.mq4
viewtopic.php?p=1295494103#p1295494103

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viewtopic.php?p=1295479534#p1295479534
These users thanked the author Banzai for the post (total 14):
Jedidiah, Chickenspicy, oskar656, Akela, sal, thomdel, Mickey Abi, Jackson Doh, maroka, acer777, chris006, KosmosDaBas, Modahen77, fxmoney


Re: Bollinger Bands type indicators for MT4

1366
Banzai wrote: Sun Oct 30, 2022 12:23 pm G Channel Multiple

Coder: fxthegreat
Released date: Oct. 9th, 2021

inspired by sal's setting, I give you this indicator.
------------------------------
So how do you trade?

When you see all red lines converge closely together, go LONG.
Vice versa for green lines.
Great job, well done. Look as beautiful as GMMA
These users thanked the author Jedidiah for the post (total 2):
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Be patient therefore, brethren, until the coming of the Lord. Behold, the husbandman waiteth for the precious fruit of the earth: patiently bearing till he receive the early and latter rain.
Behold, we account them blessed who have endured. You have heard of the patience of Job, and you have seen the end of the Lord, that the Lord is merciful and compassionate.

Re: Bollinger Bands type indicators for MT4

1368
Banzai wrote: Sun Oct 30, 2022 12:23 pm
Coder: fxthegreat
Released date: Oct. 9th, 2021

inspired by sal's setting, I give you this indicator.
------------------------------
So how do you trade?

When you see the price is above the yellow middle line,
and all red lines converge closely together, go LONG.
Vice versa for green lines.
------------------------------


Respected Banzai Sir,

Welcome back. You came on forum after such a Long Time.

We missed you....And we missed your Buttons.

Thanks a Lot for Introducing buttons on forum. Thanks a Lot for all your shares.


Thanks for your Efforts, Kindness, Shares.
Thanks a Lot.
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